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Australia fast-tracked 4,461 home approvals since August to meet 2029 target, but a housing shortfall remains.
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.
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.
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.
Australia aceleró la aprobación de 4.461 viviendas desde agosto para cumplir con el objetivo de 2029, pero sigue habiendo un déficit de viviendas.