The opposing viewpoint is that the reason apartment building is slowed is because developers are incentivised to maximise profit, and thus they are disincentivised from building too many apartments at once, creating an artificial scarcity and keeping home prices high. Developers are land-banking to the detriment of society as a whole.
I find this hard to believe. Every time council releases land, or the state government increases allowable density, developers are licking their lips and inundating councils with applications. Why submit an application, with the architect and application costs to get a DA to sit on, if they want to create artificial scarcity. Just don't sit on the land without a DA.
The reality is, since covid, building companies have been collapsing left right and centre due to supply chain issues which has led to way higher building materials costs. Projects builders have started are now operating at a loss and causing builders to go bust. Furthermore, the lack of building supplies means projects can't proceed, despite the record demand for construction work. It's really one of those rare situations where a highly in demand industry is in recession.
Just just way more convenient and fits the narrative to, once again, put it down to pure corporate greed.
I think your first paragraph nails it. Developers are holding off development not to introduce artificial scarcity, but to maximise development. So they keep the land empty until either they can convince the council to approve a higher density, or a change in state government gives them an avenue to bulldoze through the council roadblocks.
At least in NSW a single graph is needed to show this relationship: https://www.planning.nsw.gov.au/policy-and-legislation/housing/housing-supply-insights/quarterly-insights-monitor-q1/trends-in-housing-supply the correlation between number of approvals and number of constructions is basically exact. Which means, the roadblock to construction is council approval, not corporate greed or developers gaming the system to generate artificial scarcity or any other conspiracy you can think of.
I do agree that removing infrastructure charges is not a solution. From my perspective, this won't do anything since developers aren't blocked because of costs, but either materials supply or council blockades. Removing infrastructure charges solves neither of these issues.