Last month’s federal budget announced a “new housing accord” that would aspire to “build one million new, well-located homes over five years from 2024”.
This scheme immediately reminded me of the New Zealand Ardern Government’s failed “Kiwibuild” scheme, which promised to build 100,000 ‘affordable’ homes, but after four years has only delivered 1,366.
The main reason why the Albanese Government’s “one million homes” target will fail is because “a key aim would be to find “creative” ways to bring in institutional investments into the sector while delivering good returns to investors“.
