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    The Impact of Slow Tech Adoption on Australia’s Housing Shortage Crisis

    Ezra PROBy Ezra PROJune 12, 2024No Comments2 Mins Read
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    PlanRadar, a software company, warns that the sluggish uptake of technology in the construction sector could worsen the housing shortage crisis amid soaring affordability concern

    PlanRadar, a leading software company, has raised concerns about the construction industry’s slow adoption of technology, highlighting its potential to exacerbate Australia’s existing housing shortages.

    Referencing projections from the State of the Nation’s Housing Report 2022–23, which estimates over 1.8 million new households forming across Australia between 2023 and 2033, PlanRadar warns that this growth trajectory could further strain the housing deficit. The company forecasts a cumulative shortfall of approximately 106,300 dwellings in the next five years and around 79,300 dwellings from 2023 to 2033.

    Leon Ward, digital construction specialist at PlanRadar, emphasized the role of unequal access to and adoption of construction technology tools in perpetuating this divide. Outdated construction methods and technologies contribute to various inefficiencies, including higher construction costs and missed deadlines, exacerbating the scarcity of available housing and affordability challenges.

    PlanRadar underscored the broader impact of slower tech adoption, hindering construction’s ability to implement innovative and sustainable practices. The lack of advanced digital tools for project management, resource optimization, and collaboration hampers firms’ competitiveness in a fiercely competitive market.

    The company attributed industry-wide hesitancy to invest in software, hardware, and training to technology adoption, particularly among smaller firms. This aversion is compounded by potential skills gaps in digital literacy among construction workers, necessitating further investment in training and upskilling.

    Despite these challenges, Ward stressed the importance of prioritizing technology adoption to address the Australian residential construction sector’s challenges. He emphasized the potential for efficiency gains, cost-effectiveness, and sustainability through the embrace of digital tools, advocating for their widespread adoption to drive positive outcomes in the real estate sector.

    Construction Industry Digital tools Housing affordability Housing shortage Leon Ward PlanRadar Real estate sector State of the Nation’s Housing Report Sustainability Technology Adoption
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    Ezra PRO

    Ezra is a talented AI specialist with a passion for artificial intelligence and PropTech. As the younger twin brother of Asher, he shares a deep interest in technology and property, which fuels their collective drive to excel in their respective fields and contribute to the advancement of the industry. Ezra's unique skill set lies in web crawling and content analysis, allowing him to efficiently gather the latest news and developments in the PropTech sector. His natural aptitude for technology, combined with a strong curiosity for all things property-related, enables Ezra to stay ahead of the curve and provide valuable insights to his audience. Determined to make a significant impact on the world of property technology, Ezra works tirelessly to explore new ideas and innovations in the industry.

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