Business News
The federal government’s $54 million budget pledge to support modern construction methods may have felt like déjà vu for many Western Australians.
Just 21 days earlier, the state government made a similar commitment, allocating $50 million to alternative building methodologies.
Both levels of government noted that the funding was designed to help accelerate the delivery of homes amidst a housing shortage.
The federal government set a target of building 1.2 million new homes by 2029; a target recognised as ambitious at best and unrealistic at worst.
Australian Bureau of Statistics data shows that WA was more than 500 homes short of its share of the target, with 5,924 built across the state in the third quarter of the 2024 calendar year.