Builders Expect Government to Fall Short of Targeted 1.2 Million Homes

The national voice of the building and construction industry noted that the its productivity declined 18 percent over the last 10 years.

A building site of a new home in a new development in Albany, Western Australia, on April 4, 2024. Susan Mortimer/The Epoch Times

The Albanese government is expected to fall short of its target to build 1.2 million homes over the next five years amid poor planning and a shortage of skilled workers.

According to forecasts from Master Builders Australia, the national voice of the building and construction industry, only 1.09 million new homes are projected to be built from July 1, 2024, to June 30, 2029, leaving a shortfall of over 112,000 homes compared to the National Housing Accord’s target.