Australia’s housing problem is increasingly a supply-delivery problem rather than simply a demand problem.
NHSAC reported that quarterly building approvals were 26% higher and commencements 15% higher than the period immediately before the National Housing Accord. There were 244,000 dwellings under construction in Q1 2026, the highest level since records began in 1984.
However, house construction costs rose 2% in Q2 2026 and remained 51% above pre-COVID levels. The Council expects the 1.2 million-home target to be reached in Q4 2030, one quarter later than previously expected.
For investors, the key question is project feasibility. Land, planning, financing, construction costs and absorption rates matter more than broad house-price forecasts.
Australian housing supply also creates potential opportunities for Vietnamese construction suppliers and professional-service providers, subject to Australian standards and certification.
PUBLICATION SOURCES
- NHSAC – Quarterly Report, August 2026