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The ABS today released its quarterly data on the population and components of change for Australia and its states and territories, covering births, deaths, and migration.
“The Intergenerational Report (IGR) in 2007 projected that Australia’s population would not reach 26.8 million until 2034/35,” added Mr Reardon.
“Underestimation of population growth is a systemic policy failure that compounds the challenge of delivering sufficient housing.
“The ABS projected the national population to reach 26.9 million by the mid-2024, a figure that had been exceeded by the time their announcement was released in November 2023.
“An investment in improving ABS data collection, especially around land and population, could have a greater impact on housing supply than other Australian government initiatives.
“State and local councils cannot be held solely accountable for under supplying homes, without clear guidance on population growth. This is not just a short-term problem emerging due to a spike in population after the pandemic.
“A core component of the Australian government’s initiatives to address the undersupply of housing, including delivering 1.2 million homes, is to invest in improving the quality of data around housing supply.
“An investment by the Australian government in improving the quality of housing data is an important component to addressing this systemic policy failure.
“This should focus on national reporting of land supply to enable performance benchmarking of local councils’ delivery of new homes.
“Good policy decisions require good data".
“The RBA decision to keep interest rates in restrictive territory today will not stop the improvement in leading indicators of future home building,” stated HIA Senior Economist Tom Devitt.
In mid-June 2025, the NSW Premier released the Housing and Productivity Contribution (HPC) Works-in-Kind Guideline for public consultation.
Today the State Government announced proposed changes to the regulatory powers to investigate registered builders who may be unable to meet the financial requirements of registration. The announcement also included a long-awaited review of the Home Building Contracts Act 1991 (HBCA) and associated laws.
Housing Industry Association welcomes today’s announcement by the Cook Labor Government to review key aspects of the home building contracts legislation and provide the building regulator with additional powers to work with builders in distress.