Australia is facing an unprecedented housing crisis, with demand only continuing to rise. National cabinet set a new target to build 1.2 million new homes over five years from July next year. Brickworks chief executive Lindsay Partridge is in support of the 'aspirational' target but says Australia will need an extra half a million tradies, new land leases and fewer taxes.
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Subscribe: http://ab.co/1svxLVE
Read more here: housing, houses, construction, tradespeople, tradies, Albanese, government, Anthony Albanese, Brickworks, Lindsay Partridge, housing crisis, mortgage, interest rates, rates,housing cost, rent, rentals, accomodation, business, immigration, business news, economy, economy, news, finance, finance news, The Business, Kirsten Aiken, shareholders, land releases, taxes, stamp duty, tax reform
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
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Note: In most cases, our captions are auto-generated.
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