Australia is already over 15,000 homes behind just three months into the 1.2 million homes by 2029 national housing target, according to seasonally adjusted numbers\u00a0released today by the Australian Bureau of Statistics.<\/p>\n
To meet the National Housing Accord\u2019s 2029 target, 60,000 new homes are needed every quarter. In the September quarter \u2013 the first three months since the Housing Accord kicked off on 1 July 2024 \u2013 only 44,884 homes were built across Australia.<\/p>\n
Northern Territory is trailing the most, delivering 78.6 per cent fewer homes than needed for its target of 571 per quarter. Victoria is falling 0.1 per cent below its quarterly target of 15,316.<\/p>\n
The September quarter numbers are down 0.9 per cent from the June quarter, which immediately preceded the Housing Accord period.<\/p>\n
Property Council Group Executive Policy and Advocacy Matthew Kandelaars said with the clock ticking, we find ourselves behind\u00a0the 1.2 million homes by 2029 target\u00a0just three months into the journey.<\/p>\n
\u201cFew expected we\u2019d be meeting our welcome and ambitious housing target from day one, but it\u2019s doing its job by providing transparency about who is lagging and by how much,\u201d Mr Kandelaars said.<\/p>\n
\u201cIf we don\u2019t start as we intend to finish, we\u2019ll be kicking into a gale at the final break \u2013 making the job near impossible. There\u2019s no time to waste and we can\u2019t afford to slip any further behind.<\/p>\n
\u201cOur new home target\u00a0is much more than an arbitrary number. It is what\u2019s needed to close the national housing supply shortage. It represents hard hats, steel caps and getting Australian families into the homes they deserve.<\/p>\n
\u201cThe work of the next term of the Federal parliament needs a laser-focus on helping states and territories do the heavy lifting required to meet our target. It\u2019s evident from today\u2019s data that some states are far better placed than others but all need a serious and immediate kick into action.<\/p>\n
\u201cThe most urgent priorities are for states and territories to address affordability-killing taxes on new homes, cut red tape to boost productivity and address critical shortages of skilled labour,\u201d he said.<\/p>\n
New housing commencements are up 4.6 per cent from the June quarter, and new apartment and townhouse commencements have risen by 3.8 per cent in the past 12 months.<\/p>\n","protected":false},"excerpt":{"rendered":"
Australia is already over 15,000 homes behind just three months into the 1.2 million homes by 2029 national housing target, according to seasonally adjusted numbers\u00a0released today by the Australian Bureau of Statistics. To meet the National Housing Accord\u2019s 2029 target, 60,000 new homes are needed every quarter. In the September quarter \u2013 the first three […]<\/p>\n","protected":false},"author":1,"featured_media":11377,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-11375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australia"],"_links":{"self":[{"href":"https:\/\/pacificposts.com\/index.php?rest_route=\/wp\/v2\/posts\/11375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pacificposts.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pacificposts.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pacificposts.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pacificposts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11375"}],"version-history":[{"count":1,"href":"https:\/\/pacificposts.com\/index.php?rest_route=\/wp\/v2\/posts\/11375\/revisions"}],"predecessor-version":[{"id":11376,"href":"https:\/\/pacificposts.com\/index.php?rest_route=\/wp\/v2\/posts\/11375\/revisions\/11376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pacificposts.com\/index.php?rest_route=\/wp\/v2\/media\/11377"}],"wp:attachment":[{"href":"https:\/\/pacificposts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pacificposts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pacificposts.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}