Australia’s plan to build 1.2 million new homes by 2029 is in trouble. A new report by the National Housing Supply and Affordability Council (NHSAC) shows we are likely to miss this ambitious target by a huge margin.
At the current pace, the council forecasts we will fall about 262,000 homes short of the goal. In other words, for every five homes we need, we’re only on track to build about four.
No state or territory is building enough to meet its share. This is more than just a number; it means the housing affordability crisis will continue unless we act fast.
