The upcoming Australian Government's Economic Reform Roundtable is a significant opportunity to address the barriers holding back the building and construction industry, and with it, Australia’s housing supply, productivity and economic growth. This paper outlines the reforms the industry believes are essential.

The industry is constrained by outdated systems, inconsistent regulation and severe skill shortages. These are not just industry issues, they are national economic challenges. No state or territory is on track to meet the Housing Accord targets. Without action, the targets will not be met and Australians will keep feeling the pressure.

Key facts

• The number of new homes completed per hour worked in the industry is 53% lower than it was three decades ago.
• Productivity in the industry has worsened by 19% over the past decade.
• The building and construction industry is projected to need 486,000 new workers by the end of 2026 to support achieving the Housing Accord target.
• The average detached housing approval now takes almost two years in some jurisdictions.

Proposed reform areas

1. Better regulation
2. Workforce participation
3. Support innovation
4. Road to net zero
5. Tax reform.