00:00On the outskirts of Australian cities, builders are busy.
00:07Now the interest rates are dropped, there's a bigger demand, more clients are starting to buy.
00:14But builders and experts agree building out isn't enough to get Australia to the government's target of 1.2 million homes in the next four years.
00:22One solution from the Grattan Institute, building up.
00:26The reality is Australian cities are some of the least dense of their size in the world.
00:30We haven't allowed enough housing in those areas where Australians most want to live, in those inner and middle ring suburbs of our capital cities.
00:36Grattan wants a green light for three storey dwellings on every residential block, adding 67,000 new homes a year and saving $100,000 a house by filling in the missing middle.
00:47Townhouses and low rise apartment buildings can help fill that gap, as can high rise apartment buildings around key transport hubs and commercial centres.
00:55The philosophy behind it, much like the housing ministers.
00:59The more housing we build, the more affordable housing becomes for Australians.
01:03But hitting the target might not be that simple.
01:06176,000 homes were built in the first year of the National Housing Accord.
01:11To reach the target by 2029, we need more than 250,000 new homes each year for the remaining four years.
01:18Problem is, there aren't enough builders to do the job.
01:22Skilled labour is still the number one issue that the building industry across Australia needs to tackle.
01:29Red tape has long been a complaint from the industry, but governments appear to be starting to listen.
01:34New South Wales and Victoria have unlocked the kind of high density apartment buildings that we hope to see around transit hubs and other major commercial centres.
01:42Green shoots in the growing problem of housing Australia.
01:45Green shoots in the growing problem of housing Australia.
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