Builders: Albo’s housing target “remains a distant goal”

Advertisement

The Australian Bureau of Statistics (ABS) released dwelling approvals data for June, which posted another solid rise.

There were 15,984 dwellings approved in trend terms in June, the highest volume since September 2022.

Dwelling approvals trend

Despite the rebound, approvals remained 20% below the monthly 20,000 run rate required to meet the Albanese government’s target to build 1.2 million homes over five years.

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.