Australia Falls Short of National Housing Accord Targets
A year after setting the National Housing Accord targets, Australia has revealed a significant shortfall. According to the Australian Bureau of Statistics, only 174,000 new homes were delivered in the first full year, well below the target of 240,000.
The June 2025 quarter saw a decline in new home deliveries, with 40,254 new homes, down 6.5% from the previous quarter and 12.5% from the same quarter a year earlier. Detached house starts declined 6.4% to their weakest quarter since March 2024, while higher density home starts fell by 1.7%.
- Queensland: down 38%
- New South Wales: down 36%
- Victoria: down 23%
A "needs improvement report card" for the accord - Denita Wawn, Master Builders Australia chief executive
Australia's housing market is struggling to meet the targets set by the National Housing Accord.
Author's summary: Australia misses housing targets.