Is Australia on track to build enough new homes | The Business | ABC News

The number of new home builds has fallen to its lowest level in a decade, underlining the scale of the challenge to meet Australia's target of 1.2 million over five years. Chief executive of Master Builders Australia Denita Wawn says the target isn't unrealistic but getting there will be highly contingent on the "right environment" to deliver it. She expects construction activity to pick up at the end of 2024/2025. The latest figures from the ABS show nearly 41,000 builds began during the June quarter, a fall of 11.8 per cent from the three months to March. Subscribe: http://ab.co/1svxLVE ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia

Category