Uptick in New Home Building Approvals Despite Shortfall in Housing Accord Target
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Title
Uptick in New Home Building Approvals Despite Shortfall in Housing Accord Target
Subject
Recent data reveals a 3.2% increase in new home building approvals in May 2025, with a notable rise in higher density approvals. Despite the uptick, Australia still faces a 285,000-home shortfall compared to the 1.2 million Housing Accord target. There are increased calls for improved productivity to address industry challenges and meet housing demands.
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