‘Extremely concerning’: Average time it takes to build a new home continues to rise

REA Group economist Anne Flaherty claims it’s “extremely concerning” to see that the average time it’s taking to build a home is continuing to rise. “It’s taking even longer to build new homes now than it was during the height of the pandemic,” she told Sky News Australia. “The result of this, of course, is that we’re seeing it become increasingly unlikely that we are going to deliver that 1.5 million new homes that the government is aiming for over the next five years.” In partnership with realestate.com.au