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flag Victoria falls short of housing target, building 20,000 fewer homes than needed by 2034.

flag Victoria’s housing crisis worsens as the state falls short of its 80,000-home annual target, with just 780,000 homes built by 2034—20,000 fewer than needed. flag Despite efforts to boost higher-density development, 52% of new approvals in June were in greenfield areas, far exceeding the 30% target. flag Developers cite high costs, investor taxes, infrastructure gaps, and public preference for detached homes as barriers to affordable infill projects. flag Industry groups and councils say the government’s 70/30 policy is misaligned with market realities and call for tax reforms, better infrastructure planning, and a shift in public attitudes. flag The government plans to override councils in 50 activity centers to accelerate supply, but local leaders argue broader issues like labor shortages and construction costs are the root causes. flag With Melbourne’s population expected to exceed 9 million by 2050, stakeholders warn systemic changes are needed to avoid worsening the crisis.

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