• The cumulative target shortfall since the beginning of the Accord in July 2024 is 16,140 dwellings. [...] “Despite repeated warnings, the federal government continues to push the accelerator on migration at the exact same time as the brakes are being slammed on housing approvals. [...] We are setting ourselves up for an economic and social disaster.” IPA analysis of today’s ABS data also shows the average number of monthly approvals so far for this year has been just 13,838, which is only slightly above the levels of the early 1980s of 13,076. [...] It gives people not only a stake in the future of the country but is a core part of life-long retirement savings for millions of Australians,” said Mr Wild. [...] Previous research by the IPA has also established: • The current federal government has overseen a record increase in population growth, with approximately 1.15 million net migrants entering the country since the federal election in May 2022.
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