Australian Federation-era houses beside newer low apartments on a sunlit suburban street.

Country dossier

Housing in Australia

A high-price market with a national target of 1.2 million well-located homes by June 2029.

Overview

Australia's National Housing Accord set an aspirational target of 1.2 million new well-located homes over five years to June 2029. The 2026 Treasury plan 'Homes for Australia' treats that target as a coordinating device across planning, infrastructure, and workforce policy. OECD price-to-income data show Australia still above its 2015 baseline.

Key Housing Statistics

DATA

Price-to-income index

120.1

index, 2015 = 100

Geography
Australia
Period
2024
Source
OECD

OECD price-to-income index, 2015 = 100.

Current Situation

Targets are not completions. Whether the Accord changes affordability depends on actual dwellings finished in the places people need them, not on the announcement of the number.

Affordability

This heading is part of the standing country/city template. Content is added when a sourced statistic or analysis exists for Australia. Until then the section remains a labeled slot rather than a fabricated narrative.

Housing Supply

This heading is part of the standing country/city template. Content is added when a sourced statistic or analysis exists for Australia. Until then the section remains a labeled slot rather than a fabricated narrative.

Renting

This heading is part of the standing country/city template. Content is added when a sourced statistic or analysis exists for Australia. Until then the section remains a labeled slot rather than a fabricated narrative.

Homeownership

This heading is part of the standing country/city template. Content is added when a sourced statistic or analysis exists for Australia. Until then the section remains a labeled slot rather than a fabricated narrative.

Construction

This heading is part of the standing country/city template. Content is added when a sourced statistic or analysis exists for Australia. Until then the section remains a labeled slot rather than a fabricated narrative.

Population & Demographics

This heading is part of the standing country/city template. Content is added when a sourced statistic or analysis exists for Australia. Until then the section remains a labeled slot rather than a fabricated narrative.

Latest News

FAQs

Has Australia already built 1.2 million homes?

No. 1.2 million is a National Housing Accord target for new well-located homes over five years to June 2029. A target is a political and administrative commitment. Completions are the evidence.

Sources & Data

  1. [1] Tier 1 — Primary

    OECD. Housing prices indicators.

    Accessed: 16 September 2026
    Type: dataset
    Scope: OECD countries

    OECD statistical indicators for nominal and real house prices, rent prices, price-to-rent, and price-to-income. Price-to-income is nominal house prices divided by nominal disposable income per head, indexed to 2015 = 100.

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