Housing
Housing targets under ‘significant threat’ due to lack of funding options
State’s Project Emerald report says private housing market leans too heavily on unreliable institutional funds and drive towards apartment blocks has driven up costs
The government’s housing targets in 2024 and 2025 are already under “significant threat” as funding for private market housing has been “substantially curtailed”, a new Department of Finance report has warned.
The Project Emerald report has said there was a “systemic funding vulnerability” in the private housing market because it was “heavily reliant on transient international private equity”.
The government aims to deliver an average of 33,000 homes a year up to 2030, but experts ...
