Media Statements

Statement - New data shows Labor misses housing promise again

Statement – New data shows Labor misses housing promise again

James Newbury, Shadow Minister for Planning

4 April 2024.

Latest building approval data released by the Australian Bureau of Statistics (ABS) confirms Labor has again failed to meet its own housing promise.

On a trend basis, the data confirms a monthly decrease of -1.6 per cent for private sector houses and a -5.7 per cent decrease for total dwelling units – the first and second worst out of all Australian states respectively.

Since Labor announced its housing statement, which included a promise to build 80,000 new homes a year for the next 10 years, the build target has been missed every month on a seasonally adjusted basis. On a cumulative basis since the statement was released, there is a current shortfall of over 12,000 dwellings.

Shadow Minister for Planning, James Newbury, said: “The Allan Labor Government’s housing promise is nothing more than a craven con that is praying on the hopes and dreams of Victorians who hope to one day own a home.

“Labor is not only falling short of their housing promise, but the new data proves that Victoria is underperforming against other states.

“The only thing Labor’s housing statement has proven is that introducing a raft of new taxes, centralising planning, and ripping away third-party rights, has struck a dagger into our state’s property sector.”

James Newbury, Shadow Minister for Planning