Making rentals the ‘new normal’ will create welfare state, claims developer
Michael O’Flynn says there is a ‘locked-out’ generation and the government’s housing policy must prioritise privately developed homes
Current government housing policy risks creating a “welfare state” by prioritising the development of rental accommodation over privately developed houses, Michael O’Flynn has said.
The high-profile developer told the Business Post that there was a “locked-out generation” that could not afford to buy a home and warned that when they came to retirement their income would no longer allow them to continue paying “exorbitant rents” and consequently they would become reliant...
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Construction industry predicts growth of 15% this year
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