Submission to the Productivity Commission Inquiry
Australia’s current housing shortage reflects a persistent gap between supply and demand, with completions in 2024 (177,000) well below the estimated underlying demand (223,000). This gap is expected to persist despite reform efforts under the National Housing Accord, with forecasts indicating only ~938,000 dwellings will be delivered against a 1.2 million target (National Housing Supply and Affordability Council (NHSAC) 2024).
