The latest dwelling construction data from the Australian Bureau of Statistics (ABS), released on Wednesday, revealed that only 180,546 homes were completed in the June 2026 year, 59,454 (25%) fewer than the National Housing Accord’s annual target of 240,000 dwellings a year.
Over the first 24 months of the National Housing Accord, 124,183 fewer homes have been constructed than the target, representing a shortfall of 26%.
The following chart shows that dwelling approvals and commencements are tracking far above actual completions, suggesting Australia’s construction pipeline is severely bottlenecked by labour shortages, soaring costs, builder insolvencies, and timeline blowouts.
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