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The New Daily
The New Daily
Stephanie Richards

Migration push means housing shortage remains, despite Labor’s budget fix

Labor Jim Chalmers Andrew Wilson Australia
The National Housing Accord sets an “initial, aspirational” target to build one million new homes over five years from 2024. Photo: AAP

Australia’s housing market will remain “chronically undersupplied”, a leading economist warns, despite an Albanese government plan to build one million new homes by 2029.

Treasurer Jim Chalmers unveiled the government’s plan to accelerate the construction of houses nationwide in his first budget handed down on Tuesday night.

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