New homes under threat from overstretched construction sector

Resources are short in the construction sector, putting the quality of new homes at risk.

Yet demand for new builds has soared and is soaring again as investors are incentivised to shift away from existing houses.

Independent economist Tony Alexander says throw in increasing government and council efforts to get more and more houses built and there is a problem that will crop up somewhere down the track – builders with little experience becoming involved in the sector because there are not enough qualified tradies.

“Quality, longevity, reputation, and restraint are going to increasingly count as measures of builder/developer success in the next five years.”