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AAP
AAP
Kat Wong

Doubling housing supply incentive could help renters

The federal government is unlikely to reach its target of building 1.2 million new homes by 2029. (Mick Tsikas/AAP PHOTOS)

Renters could save $90 a week if Australia meets its housing targets but more incentives are needed to address shortfalls.

The federal government has vowed to build 1.2 million well-located homes by 2029, but is expected to fall short by 462,000 homes, a Mandala Partners report commissioned by the Property Council of Australia has found.

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