Tag #National Housing Accord

What factors beyond the current approval numbers contribute to the difficulty of achieving the housing target, and how do these factors interact?

The insufficient building approvals highlight a long-standing challenge: Australia hasn't consistently approved more than 20,000 new homes monthly since 2021, with only a brief period in 2014-2015 exceeding this target, largely due to Chinese investment. The current shortfall of 36,000 homes since the Accord's inception further jeopardizes the plan's success, necessitating a drastic increase in approvals to meet the target.