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CONFIRMED: LABOR WILL FALL AT LEAST 400,000 SHORT OF HOMES PROMISE
THE HON MICHEAL SUKKAR MP
Shadow Minister for Social Services
Shadow Minister for the National Disability Insurance Scheme
Shadow Minister for Housing and Homelessness
Manager of Opposition Business
Federal Member for Deakin
MEDIA RELEASE
18 March 2025
CONFIRMED: LABOR WILL FALL AT LEAST 400,000 SHORT OF HOMES PROMISE
The Albanese Labor Government is set to fall catastrophically short of its promise to build 1.2 million homes over the next five years, with housing industry experts once again predicting a shortfall that will exceed one third of the Housing Accord.
A recent report commissioned by the Property Council of Australia has found Labor will fall 462,000 homes short of its promised 1.2 million homes, and the Urban Development Institute of Australia is also forecasting the delivery of new homes will fall 393,000 dwellings short of the target across the combined capital cities alone by 2029.
The data doesn’t lie, yet Anthony Albanese continues to spruik his 1.2 million homes promise, shamelessly lying to Australians.
After three years in government, not a single home has been built under the Housing Australia Future Fund, the Help to Buy Scheme, or the Build to Rent Scheme. This means not a single first-home buyer has purchased a home through a Labor housing policy.
For families, first home buyers, and renters, housing has never been further out of reach than it is under an Albanese Government.
Housing remains at the bottom of Labor’s priority list, and Australians are sadly paying the price for this Government’s inaction on housing and inability to govern.
At the upcoming Federal Election Australians have a choice, and it’s only a Coalition Government that will fix Labor’s housing crisis and get Australia back on track.
Ends