From www.rossgittins.com: The Australian home building industry has seen a 12% decline in productivity over the past 30 years, contrasting sharply with a 49% improvement in other industries.

A Productivity Commission report highlights issues such as inefficient processes, a lack of innovation, and cumbersome government regulations as key factors hindering the industry’s performance.

To address the affordability crisis in housing, significant reforms in regulatory practices and efficiency improvements are necessary to modernize the home building sector.