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Shortly before resigning as Victorian Premier, Daniel Andrews announced a 10-year goal of building 800,000 homes across the state, which equates to 80,000 dwellings each year.
Victoria has never built more than 70,730 new homes in a calendar year, so meeting the 80,000 target will necessitate a major increase in construction activity.
However, the figures are trending in the wrong direction.
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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.
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