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Every month, the Albanese government’s target of constructing 1.2 million homes over five years, or 240,000 dwellings per year, slides further into fantasy land.
The Australian Bureau of Statistics (ABS) released housing approvals for April, which showed another 3.4% decline in approvals during the month in seasonally adjusted terms and zero growth in trend terms:
Over the year to April 2026, 200,423 houses were approved for construction, the highest figure since June 2022:
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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.
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