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flag Australia fast-tracked 4,461 home approvals since August to meet 2029 target, but a housing shortfall remains.

flag Since August, Australia has approved 4,461 homes through its federal environmental review process, a sharp rise from last year, as part of efforts to meet a national target of 1.2 million homes by 2029. flag Major projects in Melbourne, northern New South Wales, the Hunter Valley, Western Australia’s Margaret River, and Brisbane have been fast-tracked under the EPBC Act, with the government prioritizing applications that have complete documentation. flag While officials say this reduces bureaucratic delays, the country still faces a potential shortfall of up to 200,000 homes, and critics argue that current measures, including a 5% deposit scheme and $60 billion in funding, are insufficient to address affordability and delivery speed.

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