Announcing targets is easy. Delivering on them is the hard part.
Two years ago, the Albanese government, alongside the states, announced the National Housing Accord, which set a target of building 1.2 million homes over five years from 1 July 2024, equating to 240,000 housing completions annually.
This target was always overly ambitious, given that the largest year of housing construction in Australia’s history was 2017, when 223,500 homes were completed.
