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AAP
AAP
Politics
Andrew Brown and Jacob Shteyman

Fruits of government's signature housing fund revealed

Australia is falling well below the 240,000 houses needed annually to meet demand, the sector warns. (Lukas Coch/AAP PHOTOS)

Australia's home-ownership dream will slip further out of reach without urgent investment, the sector warns as the government unveils the first fruit of its multi-billion-dollar social and affordable housing fund.

With only 180,000 homes built in the past year, Australia is falling well below the 240,000 needed annually to meet demand, the Housing Industry Association said as it revealed its pre-budget wishlist.

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