Australia has 'zero chance' of meeting government’s plan to build 1.2 million new houses

Macrobusiness Chief Economist Leith Van Onselen has claimed Australia has “zero chance” of meeting the Albanese government’s plan to build 1.2 million new homes by 2029.
An industry analysis has found that one new home would have to be built every two minutes to cater for the rapidly growing population and surge in migration intake.
“Look the highest number of homes Australia has ever built in a single 12-month period was 223,500 in 2017 and back then we had much lower interest rates, we had much lower materials cost,” Mr Van Onselen said.
“Materials hadn’t increased 40 per cent like they have over the pandemic and builders weren’t competing with state governments.”

[@ministryformensbehaviour]

Let me guess more migrant skilled workers needed to build the houses? Ppl don't believe this anymore.

[@KT-bb1tb]

So Albozzo Can't do the Maths.......Funny That ? Another Fake Promise !

[@jol166]

1.2m homes in 2029. how many new immigrants by then? 12m?

[@huanvincent6020]

Why didn't you build more houses then instead of complaining so they didn't need to bring more people 😂

[@jol166]

@@huanvincent6020 funny you ah vicent huan 🤡

[@davepowelldrumz]

we know , they know we know , and we'll let them.

[@rohanhall-dq9ij]

And our politicians are suppose to be our best and brightest, these clowns can't even do basic maths..and they have no shame.. It's frightening to think where all this is headed with our current clowns at the helm..

[@roger-rabbit]

We are full - send then back

[@dontbeasheeple5883]

1,200,000 / (5 x 365) = 657.5 homes PER DAY
Yeah nah that's never going to happen. Which overpaid public servant comes up with this shyte??

[@josephgee143]

I bet he is an AIJAC associate.

[@ninaclemente5944]

Too many vacant buildings in the CBD of every major city that can be converted to temporary accommodation. Where there is a will, there is a way. It will take some years to get us back to sanity! Guess who will be against people taking loans?

[@vmura]

this guy should be Treasurer

[@jjsc4396]

And yet, both parties of your utterly fascicle Australian political circus pathetically spin building more as the solution to avoid dealing with the real drivers.

[@dontbeasheeple5883]

"fascicle" 🤡🤡 you made that word up didn't you?
Maybe the word you're looking for is farcical?

[@kidsoxoxox]

Men on General Strike. Find serfs elsewhere to build homes for all those wonderful sole parent families.

[@nomyafiftyonefifty8081]

Maybe that fantastic A.I. can build them.

[@chuckmaddison2924]

Bit like building Holden's again, nary.