Housing target shortfall an $11 billion black hole for states and territories
New HIA analysis says Australia is falling behind on the National Housing Accord target. The shortfall is put at an $11 billion black hole for states and territories. The analysis follows the latest ABS building activity data.
$11 billion shortfall for states and territories from falling behind on National Housing Accord progress, per HIA
What does Australia falling behind on the National Housing Accord mean for builders?
Builders, carpenters and other residential trades could see more pressure on governments to speed up approvals and incentives, which affects the future pipeline of new-home work.
Key takeaways
- HIA says Australia is behind on progress against the National Housing Accord.
- The shortfall is described as an $11 billion black hole for states and territories.
- The HIA analysis follows the release of the latest ABS building activity data.
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