Australia is falling further behind national housing supply targets, with updated figures showing the country must substantially increase home building to meet the National Housing Accord goal. Sources report that Australia needs to build more than 274,000 homes each year. This requirement is tied to the accord’s target of delivering 1.2 million homes over five years. The reporting indicates the shortfall persists and that current supply does not align with the rate needed to achieve the overall number by the end of the five-year period. The figures highlight the scale of the gap between projected housing delivery and the homes required under the accord. Both outlets present the same national benchmark and annual estimate, framing it as a further indication that meeting the five-year housing target will require acceleration in construction and planning to close the deficit.
Australia needs to build over 274,000 homes per year to meet housing target
Australia is falling further behind national housing supply targets, with updated figures showing the country must substantially increase home building to meet the National Housing Accord goal. Source...
- Australia must build more than 274,000 homes per year to meet the housing accord target.
- The National Housing Accord sets a goal of 1.2 million homes over five years.
- Current housing supply is not on track with the pace required to reach the target.
Australia now needs to build more than 274,000 homes per year to meet the national housing accord target of 1.2 million over five years.
3 hours agoAustralia now needs to build more than 274,000 homes per year to meet the national housing accord target of 1.2 million over five years.
3 hours ago
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