Back to today’s briefing

Story perspectives

Australia's Housing Target Delayed to 2030 Amid Rising Costs

3/28/2026

50 10 Full Breakdown

Summary

Story summary

The target of 1.2 million homes is now expected to be met by June 2030, a year later than planned.
The Middle East conflict has driven up oil prices, raising construction material costs.
In the first five quarters of the National Housing Accord, 219,000 homes were built, below target.
The Australian Capital Territory (ACT) has seen approvals rise.
Housing Minister Clare O'Neil works with industry leaders to address rising costs.

1 of 1

Story summary

The target of 1.2 million homes is now expected to be met by June 2030, a year later than planned.
The Middle East conflict has driven up oil prices, raising construction material costs.
In the first five quarters of the National Housing Accord, 219,000 homes were built, below target.
The Australian Capital Territory (ACT) has seen approvals rise.
Housing Minister Clare O'Neil works with industry leaders to address rising costs.