Can the ambitious target of 1.2m homes be met?

By Robyn Tongol

28 January 2025

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Can the ambitious target of 1.2m homes be met?

In this latest episode of Broker Daily Uncut, Phil Tarrant, Alex Whitlock, and Jack Campbell delve into the government’s National Housing Accord. With the first quarter falling short of target, the goal of building 1.2 million homes by 2029 may be far-fetched.

There are various challenges like high construction costs, tradie shortages, and the complexity of development approval processes playing a role in the poor results. There are also frustrations over housing policies that focus mainly on NSW, leaving other regions out.

The conversation then touched on challenges in the SME sector, particularly around cash flow issues. SMEs often face difficulties obtaining funding and brokers have a critical role in supporting these businesses.