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AAP

Jacob Shteyman

Australia falling well behind national housing target

Housing Australia Victoria

The housing accord has an ambitious target of 1.2 million new homes across Australia by June 2029. (Mick Tsikas/AAP PHOTOS)

No state or territory is on track to meet its housing accord targets, despite a slew of initiatives to boost supply and improve affordability.

Only 219,000 new homes were built in the first five quarters of the agreement, well shy of the required run rate of 280,000 new homes, the National Housing Supply and Affordability Council revealed in its first quarterly report on Wednesday.

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