Australia Faces Housing Shortfall Without Urgent Rezoning Reforms, Warns Business Council

The BCA urges state and territory governments to revise zoning laws to unlock more land for housing in high-demand areas.
Australia Faces Housing Shortfall Without Urgent Rezoning Reforms, Warns Business Council
A photo taken on June 16, 2024 shows an aerial view of apartment blocks located in the Sydney suburb of Mascot in Australia. David Gray/AFP via Getty Images
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Australia is expected to fall significantly short of its target to build 1.2 million new homes over the next five years unless drastic rezoning reforms are implemented, according to the Business Council of Australia (BCA).

In their newly released report, It’s Time to Say Yes to Housing, the BCA calls on state and territory governments to unlock more land for housing by overhauling restrictive zoning laws, particularly in areas of high demand.