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Housing Crisis Tops Australian Business Leaders' Concerns

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Housing Crisis,Australian Business,Affordability

KPMG's annual survey of Australian business leaders reveals that the nation's housing crisis is the biggest social issue impacting their operations. Nearly half of the surveyed executives believe the lack of progress on housing affordability poses a threat to businesses, as employees struggle to find affordable accommodation, impacting their ability to work and commute. The survey ranks housing affordability as the top social challenge, highlighting its growing impact on the workforce.

The nation’s housing crisis has emerged as the biggest social issue keeping Australian business leaders up at night.

“It makes it harder for people to work out where to live, how to travel to work. Working from home has been helpful in resolving some of those issues, but not everyone can do that. “We’re all trying to understand and make sure that people that work in our organisations feel comfortable with the changes that we’re making,” Yates said.

The unemployment rate is at historical lows, falling a further 20 basis points to 3.9 per cent in November, with the vast bulk of the hiring in the public sector.

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Housing Crisis Top Worry for Australian Business Leaders, KPMG Survey FindsA new KPMG survey reveals that the lack of affordable housing is the biggest social issue facing Australia, causing concern for business leaders. The survey highlights the impact of housing affordability on attracting and retaining talent, with many businesses struggling to find employees willing to relocate due to high living costs.
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