The Truth About Australia’s Housing Target | 1.2 Million Homes Goal Explained

In 2023, National Cabinet promised 1.2 million new homes in five years - but one year in, we’re already 61,000 behind and thousands of builders have collapsed.In this episode of Property Now, Michael Carbone sits down with:🏗 Andrew Hrsto (Owner & Founder, ALAND) — one of Sydney’s most active developers📊 Eliza Owen (Cotality Chief Economist) — Australia’s leading property analyst💡 Chris Ferris (Coposit CEO) — helping Australians enter the market smarterTogether they unpack:• Why the 1.2 million target is already off track — and what needs to change now• How rising material and labour costs are crushing project feasibility• The skills shortage that no one’s talking about — and how it could derail housing supply• Why ownership is slipping away and Australia could be headed for a nation of renters• What government levers could actually work — and what developers need to deliverIt’s a raw, data-driven conversation between industry leaders and decision makers on what it will really take to fix the housing crisis.🎧 Listen now on YouTube, Spotify or Apple Podcasts.#PropertyNow #HousingCrisis #CoreLogic #ALAND #Coposit #AustraliaHousing #PropertyMarket🔔 Don’t forget to subscribe to our channel for more discussions on property trends, financial strategies, and insights into the Australian property market. Hit the notification bell to stay updated with our latest episodes!🌟 If you have a question for the team, a PropTok you would like to send us or are interested in coming on the show, head over to our website to get in touch! https://www.coposit.com.au/resources/property-now📢 Found this video valuable? Give it a thumbs up and share it with friends, family, or anyone interested in saving money and getting ahead in the property market.🏠 This podcast is brought to you by Coposit, where $10k means you can buy a brand-new home. To learn more about how it works and browse properties, visit: www.coposit.com.au00:00:00 - Introduction00:00:23 - Discussion with Economists and Developers00:09:40 - Impact of Not Meeting Housing Targets00:15:06 - Institutional Investment and Housing Affordability00:18:49 - Challenges in Meeting Housing Targets00:19:36 - Addressing the Labour Shortage in Construction00:26:01 - Demand-side Policies and Housing Affordability00:30:13 - Potential Impact of a Drop in Home Value00:35:56 - Discussion on Housing Delivery and Affordability00:36:26 - Predictions and Policy Suggestions for Housing Market