May 28, 2026 – 6.19pmThe federal budget forecasts about $13.7 billion more investment in new housing over the next two years than the Reserve Bank does, in a split economists said was unusually large and could mean the Albanese government has overestimated new housing supply by more than 10,000 homes.The RBA forecasts do not include the 35,000 fewer homes the government expects over the next decade from its changes to negative gearing and the capital gains tax discount, which economists said made the discrepancy even more puzzling and highlighted the challenges of meeting Labor’s behind-schedule 1.2 million new homes target.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Labor’s numbers on investment in new homes are $14b off the RBA’s
The budget could be overestimating new supply by over 10,000 homes, as economists call out an “unusual” gap between Treasury and RBA forecasts.
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