Housing Council modelling signals missed targets for new home construction
The federal government’s ambitious target of delivering 1.2 million new homes is unlikely to be met, according to new modelling released by the Housing Council. The analysis highlights ongoing challenges in Australia’s construction sector, including labour shortages, supply chain disruptions, and rising costs, all of which are slowing the pace of new housing delivery.
Industry pressures mount as demand outpaces supply
Despite government initiatives to boost construction and address housing affordability, industry experts warn that persistent bottlenecks are making it increasingly difficult to keep up with demand. The Housing Council’s findings suggest that, unless significant reforms and support measures are introduced, the shortfall in new homes will continue to grow.
Prime Minister dismisses calls for tax reform as ‘academic’
During the latest round of policy discussions, Prime Minister Anthony Albanese dismissed comments from the Grattan Institute about the need for a fairer tax system, describing them as “academic” speak. The remarks came after last week’s economic reform roundtable, where experts argued that tax reform could play a key role in unlocking new housing supply and improving affordability.
Sector calls for urgent action and policy clarity
Industry leaders and housing advocates are urging the government to act swiftly to address the barriers facing the construction sector. Calls include streamlining approval processes, increasing investment in workforce development, and considering broader economic reforms to support builders and home buyers.
Addressing the housing challenge
As the national housing crisis deepens, the government faces growing pressure to deliver on its promises and ensure that all Australians have access to affordable, secure housing. The latest modelling underscores the need for coordinated action across all levels of government and industry.
