Australian Property Investor
Australia is building fewer homes than it needs despite a record number of dwellings under construction, reinforcing concerns that chronic housing undersupply will continue to support rents and, over time, property prices.
The latest Australian Bureau of Statistics figures show 43,816 dwellings were completed in the March 2026 quarter, well below the 60,000 homes required each quarter to meet the Federal Government’s National Housing Accord target of 1.2 million new homes by 2029.
Across the first six quarters of the Accord, 262,592 homes have been completed, leaving Australia almost 100,000 homes behind schedule.
According to Clinton Arentz, Head of Lending at Trilogy Funds, the pace of construction now needs to accelerate significantly.
“We’ve reached an inflection point where even achieving 60,000 completions each quarter means we’ll still fall short of the overall target.
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