Jun 4, 2026 – 6.03pmThe federal Labor government’s flagship $10 billion housing program has delivered just 1432 homes halfway into its five-year term, Housing Australia officials have disclosed, prompting critics on both sides of politics to slam the initiative as a slow and bureaucratic waste of public money.The fund aiming to develop 40,000 affordable and social rental homes – which has been hit by delays, governance issues and rising costs since it started in 2024 – was on track to deliver 1577 homes by the end of June, the agency’s acting chief executive Lisa Braid said.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 $10b housing fund has completed just 1432 homes
With building costs rising once again, pressure – and criticism – is growing for the agency that said it would deliver all its promised homes by June 2029.
117 words~1 min read
