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Analysis-Australia promised 1.2 million new homes, but builders are at their limits

  • Brisbane builders are even pouring concrete at night because of worker shortages, raising quality concerns as the city gears up for the 2032 Olympics.
  • Rising materials, labour and interest costs are stretching margins and forcing builders to do more hands‑on work, while projects take much longer to finish.
  • Australia is falling behind its 1.2 million homes-by-2029 goal — completions are about 27% below the needed pace and many approved apartments haven’t started.
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