Australia is almost 95,000 homes behind the pace needed to meet the National Housing Accord target, according to new analysis by the Housing Industry Association (HIA). The industry body estimates the shortfall has cost the economy about $45 billion in forgone activity and left governments billions of dollars short in tax revenue. The HIA based […]
Home Building Approvals See Modest Recovery – But Major Challenges Remain Australia’s residential construction sector is showing early signs of a rebound, with building approvals rising 13.9% in the 2024–25 financial year compared to the previous year’s lows. However, leading economists warn that significant policy and market shifts are still needed if the federal […]
