Albanese’s 1.2 million home target in crisis as nation falls behind

Australia is already 100,000 home approvals behind where it should be. Australia is already more than 100,000 home approvals behind what it needed to be just two years into a five-year Albanese government plan to fix the nation’s housing crisis. And building industry experts are warning that while there was an increase in approvals year on year, rising from 188,777 in the 12 months to June 30, 2025, to 204,649 for the same period this year, it’s likely numbers will decline this year as federal budget changes to investing support schemes begin to be reflected in the data. Australian Bureau of Statistics approvals data for June has revealed that since the start of the National Housing Accord’s five-year goal of 1.2 million new homes being built around the nation, there have been just 393,426 approved for construction around the country. RELATED: Metricon builds China-made homes in Australia in just 20 days Australia’s housing accord in crisis amid alarming construction plunge Hidden $80,000 cost hitting Aussies building new homes While the Albanese government’s goal breaks down to building 240,000 new homes a year, not all approvals go on to be built — with estimates suggesting at le...