The Big Build or fixing the housing crisis? Grattan Institute says Victoria can’t do both
Victoria must choose between its major infrastructure projects or its target of building 80,000 new homes every year to combat the housing crisis, new modelling by the Grattan Institute reveals.
Modelling indicates the Big Build is tying up workers and material, making the state’s housing construction goal more and more difficult.
Economic policy director at the Grattan Institute, Brendan Coates, told Heidi Murphy “the cost of these projects are rising enormously in a high inflation environment and so if we choose to try and build every piece of infrastructure and try to build those 800,000 we desperately need the risk is we end up paying much more for the infrastructure than we probably need to, or we may not get the housing we want”.
Press PLAY below to hear what the modelling found