Why this is as good as it gets for Australian housing construction
Advertisement
Australia’s level of dwelling construction is tracking well below the National Housing Accord’s target of building 1.2 million homes over five years.
The most recent dwelling completions data from the Australian Bureau of Statistics (ABS) revealed that only 219,000 homes were built over the first 15 months of the national housing accord (i.e., to the September quarter of 2025), 81,000 (27%) fewer than required to meet the target.
Data on dwelling approvals is more positive, with 322,300 homes approved for construction over the first 20 months of the National Housing Accord, 77,700 (19%) fewer than required to meet the target:
Advertisement
The full text of this article is available to MacroBusiness subscribers
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.