New research from the Productivity Commission reveals Australia is building half as many homes per hour worked compared to 30 years ago. 

In contrast, labour productivity in the broader economy has grown by nearly 50 per cent during the same period.

CEO of the QHI Group, Scott Challen, told Gary Hardgrave on 4BC Drive, “Compared to 30 years ago, you could deliver a home in today’s money for about 500 bucks a square metre.”

“In today’s money, we’re at $3000 to $4000 a square metre now, and it’s not because, we’re swinging hammers any differently.”

“It’s purely because what goes into that per square metre of that house, we’re talking about a lot of imported goods and a lot more rules and regulations to deliver that square meter of home,” Mr Chalen continued.

Hear more highlights from Gary Hardgrave below: 

Image: Canva

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