The Albanese government’s Housing Accord, signed with the states at National Cabinet in 2023, set a target to build 1.2 million homes over the five years from FY2025 to FY2029. This target requires 240,000 homes to be built annually.
The Australian Bureau of Statistics (ABS) last week released dwelling construction data for the June quarter of 2025, which reported a decline in housing construction.
The number of dwellings that commenced construction in the June quarter declined by 4.4% to 45,156, whereas the number of homes that completed construction plummeted by 6.5% over the quarter to just 40,524.
