Which states are falling furthest behind on their housing targets?
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The supply side of Australia’s housing market continues to worsen.
The National Housing Accord, signed by the federal government and the states and territories, set a target to build 1.2 million homes over five years, commencing on 1 July 2024.
Last week, the ABS released housing construction data for the December quarter of 2025, which showed that the number of homes built in 2025 fell to only 172,657, 28% fewer than the 240,000 run rate required to meet the housing target.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.