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Albanese Vowed to Build 1.2 Million Homes. His Own Agency Shows Him Falling Well Short

Australia aims to deliver 1.2 million additional homes by mid-2029, but its advisory council predicts a shortfall of approximately 262,000 dwellings.
This shortfall results from persistent issues like limited skilled workers, costly fragmented land, low construction productivity, and restrictive planning laws.
Current housing supply is estimated at 825,000 homes by 2029, with zoning reforms in Victoria and NSW potentially adding 152,000 more homes.
Mortgage repayments consume about half of median incomes, only 14% of new homes are affordable, and rental stress affects over half of low-income renters in 2023.
Despite government policies including social housing investment and planning reforms, experts say overcoming entrenched problems will take sustained effort and time.

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The Canberra Times

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The Border Mail

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Australia's plan to build more homes is in deep trouble. We need bold action

Australia risks missing its 1.2 million homes target by 2029, falling short by 262,000. Urgent reforms are needed to tackle housing affordability.

3 days ago·Canberra, Australia

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The Conversation

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Center

Australia is forecast to fall 262,000 homes short of its housing target. We need bold action

A new report offers a roadmap to a healthier housing system. But its recommendations will require bold action.

3 days ago

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ABC Australia

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Housing warning issued to Government - ABC listen

The Federal Government's housing advisory council has released a scathing report on what it calls "a housing crisis that's been decades in the making."

5 days ago·Australia

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