Australia’s Housing Crisis is Worse Than You Think – And The Government is Losing the Battle

The numbers are in, and they are shocking. 

Australia is set to fall nearly half a million homes short of its 1.2 million target by 2029. 

That’s not just a missed milestone – it’s a full-blown disaster for renters, first-home buyers, and investors alike.

A new report from the Property Council of Australia lays bare the scale of the crisis, and the consequences are dire. 

The government’s grand housing targets are failing, and unless drastic action is taken, Australians will continue to struggle with skyrocketing rents and an impossible property market.

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462,000 Homes Short – Where Did It All Go Wrong?

The National Housing Accord set an ambitious target: 1.2 million new homes by 2029. 

But at the current pace, Australia will fall 462,000 homes short of that goal.

Breaking it down, the following states will need: 

• NSW: 185,000 homes 
• Queensland: 96,000 homes 
• Victoria: 71,000 homes
• Western Australia: 56,000 homes 

The failure to meet these targets has real-world consequences. Fewer homes mean higher rents, more homelessness, and a market that continues to shut out everyday Australians.

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Missed Targets = Missed Economic Opportunities

The failure to build these homes isn’t just bad for renters – it’s a missed economic goldmine. 

The report found that closing the 462,000-home gap would:

• Inject $128 billion into the economy
• Support 368,000 jobs across construction, trades, and associated industries

Instead, we’re watching a massive economic opportunity slip through the cracks while politicians scramble for excuses.

When the end goal is so incredibly lucrative, you would think politicians would work 10 times harder to make the dream a reality! 

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The Government is Failing – Investors Need Smarter Solutions

With traditional housing targets floundering, investors need to think differently. 

This is where Supavest OCP and TIC Property come in.

• Supavest OCP provides smart, investment solutions that deliver real impact while securing stable returns.
• TIC Property offers fractional ownership opportunities, making property investment accessible without the burden of full ownership.

Don’t wait for the government to fix the mess. 

Be the solution and set up a meeting with the team at Supavest today! 

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