Australia’s Treasurer of propaganda was back at it again, boasting on Twitter (X) that Labor has delivered a big rise in housing supply since being elected in mid-2022:
The actual data on net dwelling additions (i.e., dwelling completions minus demolitions) from the Australian Bureau of Statistics (ABS) paints a far less rosy picture.
It shows that only 168,600 homes were added to the nation’s housing stock in the year to September 2025:
In fact, since the Albanese government came to office in June 2022, annual dwelling additions have only averaged 161,400. This is well below the 185,700 average dwelling additions recorded under the previous Coalition term in government (i.e., between 30 September 2013 and 30 June 2022).
One area where the Albanese government has excelled and beaten expectations is immigration and population growth.
In the first 11 quarters of government—i.e., between 30 June 2022 and 31 March 2025—1.23 million net overseas migrants have landed in Australia. This represented the largest migration boom in the nation’s history.
As a result of this migration boom, net overseas migration (NOM) has easily exceeded the pre-pandemic trend:
In fact, over Labor’s first 1,005 days in office—i.e., between 30 June 2022 and 31 March 2025—NOM has averaged an astonishing 1,222 a day.
Reflecting the migration surge, Australia’s population growth has also exploded, growing by 1.52 million (1,511 per day) between 30 June 2022 and 31 March 2025:
Labor’s immigration explosion is the primary reason why Australia is experiencing a worsening housing shortage and rental crisis.
The Albanese government has let population demand run far beyond the nation’s capacity to build housing and infrastructure.
Tweet about that, Treasurer Jim Chalmers!
