Property Council Chief Executive Mike Zorbas said boosting apprenticeship numbers is essential to building the homes we need.
"More workers on site is essential to solving the housing supply puzzle. Hopefully, this incentive will see completion rates increase," Mr Zorbas said.
"Australia needs more bold thinking like this as we face headwinds in getting to our important national target of 1.2 million new homes by 2029.
"We also need more skilled construction workers from overseas and we need to better coordinate efficient state accreditation for skilled migrants through National Cabinet.
"With many skilled and qualified migrants already here, fairly and affordably matching them to building Australian homes and infrastructure is a policy no-brainer.
"Equally, there should be no more delay on state government coordination to streamline formal qualifications for midlife career changes into house building trades.
"Our housing deficit is decades in the making. Labour shortages, planning delays, high property taxes and high construction costs mean government and industry have to work together over the next ten years to make it as easy as possible to invest in and build more homes," he said.
