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Australia's housing construction productivity has plummeted, doubling build times and sparking reform calls.
Australia's housing construction sector is struggling with a significant drop in productivity, building only half as many homes per hour as in 1995.
This decline has led to longer construction times, with detached houses now taking 10.4 months to build, up from 6.4 months a decade ago.
This crisis in housing affordability has prompted calls for reforms in the construction industry, including faster planning approvals and fewer regulations.
The Reserve Bank may consider interest rate cuts to help borrowers.
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La productividad de la construcción de viviendas en Australia se ha desplomado, duplicando los tiempos de construcción y provocando llamamientos a la reforma.