New data confirms the Albanese Government is falling even further behind on its housing commitments, with 100,000 homes short of what is required to meet Labor’s 1.2 million homes target by mid-2029.

According to the latest ABS figures for the December 2025 quarter, Australia is already 27 per cent behind the required pace — and not a single State or Territory is meeting its share of the target.

Shadow Treasurer Tim Wilson said the figures expose a growing gap between Labor’s promises and reality.

“Australians are being locked out of housing because Labor’s policies make it unaffordable to build new homes and builders are going bankrupt,” Mr Wilson said.

“Labor’s housing target is drifting further out of reach, and the consequences are being felt by renters, first home buyers and families right across the country.”

Housing completions for the December 2025 quarter fell to 43,536 — down 1.7 per cent on the previous quarter and 3.9 per cent compared to a year earlier. Over the past 12 months, just over 172,000 homes were completed — well short of what is needed.

“In government, the Coalition delivered around 200,000 homes a year. Labor now needs to deliver more than 260,000 homes annually just to catch up on its own target — a task that looks increasingly out of reach,” Mr Wilson said.

The housing shortfall is being compounded by rapid population growth. Since June 2022, Australia’s population has increased by 1.9 million people, while fewer than 615,000 new homes have been completed.

“That imbalance is exactly why housing affordability is deteriorating so rapidly,” Mr Wilson said.

“Labor’s failure to match supply with demand is breaking the housing system and with it first home buyer’s hopes and dreams”, Mr Wilson said.

Mr Wilson said Labor’s approach has focused on bureaucracy rather than building homes.

“Labor has committed over $80 billion in housing programs, yet we are seeing fewer homes being built. Instead of unlocking supply, they’ve built a housing bureaucracy,” he said.

“And now, incredibly, they are looking at higher taxes on housing — which will only make it more expensive to build and further reduce supply.”

Mr Wilson said urgent action is needed to restore balance to the housing market.

“These targets are too important to fail,” he said.

“We must boost supply, cut taxes and reduce the barriers that are stopping Australians from building and owning a home.”

“Everything must be done to make the dream of home ownership achievable again.”