Jul 21, 2026 – 7.06pmTreasury warned the federal government nine months before the $10 billion Housing Australia Future Fund kicked off that its initial target of 30,000 new social and affordable rental homes in five years was unachievable because the building sector was unable to deliver it and there were inconsistent planning and regulatory systems between states.Treasury advised the government in March 2023, six months before legislation enabling the HAFF passed the Senate, then again in June and September and “throughout 2024 and 2025” that the targets were unlikely to be met, an Australian National Audit Office report disclosed on Tuesday.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Treasury warned Labor its housing targets were unachievable
An auditor-general report into running of the $10 billion flagship program cast doubt on the 40,000-home timeframe and called for better governance.
122 words~1 min read
