Australia Faces Housing Quality and Supply Crisis

A recent analysis by the NSW Productivity Commission highlights that the diversion of resources from home building to public infrastructure projects is significantly limiting the construction of new homes, contributing to rising housing unaffordability. Research from the Australian Housing and Urban Research Institute reveals that 70% of existing homes exhibit major building defects, challenging the belief in the overall quality of Australian housing. Experts call for national leadership to improve housing standards, as many homes fail to meet even basic Australian standards. The federal government faces criticism for falling short of its housing targets, with projections indicating a shortfall of 166,000 homes by 2029. Housing Minister Clare O'Neil emphasizes the need for bold action, particularly in addressing the shortage of construction workers amidst rising interest rates. Opposition members accuse the government of inaction, pointing to a lack of completed new homes despite substantial funding promises.