Master Builders Australia’s (MBA) latest building and construction industry forecasts to 2026-27 shows “the nation is falling behind in meeting its housing targets”, with overall housing starts sitting “below the 200,000 per annum needed between 2022 and 2025, dipping to its lowest over 2022-23 before rebounding in 2026-27”:
Separately, MBA’s submission to the 2023-24 federal budget has called on the federal government to release more land “for the development of housing and [to] publish an inventory of its current land holdings and categorise it according to its suitability for future residential development”.
MBA has also recommended that “future financial payments from the federal government to the states and territories should be linked to how much progress they achieve in boosting the supply of new housing. In particular, their performance with respect to planning reform, taxes and charges imposed on new home building, transparency, accountability and the improvement of data collection should be taken into account”.
