Why Australia's 1.2 Million Homes Target is Unlikely to be Met

Is it still possible to complete the 1.2 million homes project on time?

The data actually says no, and I’ll be breaking down why not.

The government aims to build over 200,000 homes annually, but only 162,000 homes were completed in the last year, indicating a 32% shortfall. Even if homes are approved, they may not be built in time to meet the target.

The council predicts only 1.04 million dwellings will be completed by 2029, falling short of the 1.2 million target. Now there are a couple of reasons for this shortfall…

Join me as I dive deep into what exactly those shortfalls are and what the data says historically that leads us to believe the project will definitely not be completed at this rate.

Don’t forget to click on this episode to know the full details on why this ambitious project is falling short of its target.

🥇🥇 InvestorKit – Back To Back “Buyers Agency Of The Year 2023 & 2024”
Book your discovery call here: https://www.investorkit.com.au/youtube

Connect with InvestorKit:

Website: https://www.investorkit.com.au/
Send your questions to: arjun@investorkit.com.au
Follow us on Facebook: https://www.facebook.com/InvestorKit/
Follow us on Instagram: https://www.instagram.com/investorkit.com.au/
Subscribe to our YouTube Channel: https://www.youtube.com/@investorkit3615
Connect with us on LinkedIn: https://www.linkedin.com/company/investorkit/
See omnystudio.com/listener for privacy information.

Disclaimer: The information provided in this podcast is general in nature and should not be considered as personal financial advice. The podcast host, guests, and contributors are not licensed financial advisors. Please seek professional financial advice that is tailored to your situation and circumstances before making any financial decisions.