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The Albanese government’s Housing Accord target of building 1.2 million homes over five years has fallen well behind.
The Housing Accord commenced on 1 July 2024 and requires the construction of 240,000 homes over five years to meet the target.
As of the September quarter of 2025, only 219,000 dwellings had completed construction, 27% fewer than the 300,000 required run rate to meet the Housing Accord’s target.
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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.