Government's 1.2 million housing target becomes harder to reach from today
Australia's 1.2 million home target has become harder to achieve, according to HIA Chief Economist Tim Reardon. No further detail is provided in the article about what specific change has taken effect.
1.2 million homes committed to by Australian governments as a national housing target.
From today it gets harder for Australia to build the 1.2 million homes governments have committed too - Tim Reardon, HIA Chief Economist
Why has Australia's 1.2 million homes target just got harder to reach?
Builders and related trades like plumbers and electricians may face fewer new residential projects if the housing target falls further behind schedule.
Key takeaways
- Australia's 1.2 million home target is now harder to meet after a change that took effect today.
- HIA Chief Economist Tim Reardon flagged the milestone as a turning point for housing supply.
- Fewer new builds could reduce work pipelines for builders, plumbers, and electricians.
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