Michael Hickinbotham (ILF2020)
SA’s leading builders have accused construction material suppliers of exploiting the housing crisis to hike prices – and have blasted access to land supply.
Businesses must stop using South Australia’s housing crisis as an excuse to hike the price of their materials, and restrictions on land supply must be slashed to fix the state’s “profound” affordability issues, leading builders say.
Some of the state’s biggest players in the industry have made urgent demands to address the crisis that is preventing young people achieving “the great Australian dream” of home ownership, amid soaring inflation and climbing interest rates.
Michael Hickinbotham, the managing director of the Hickinbotham Group, raised concerns about a lack of land ready for development in SA.