Labor’s housing reforms to slash 10,700 homes and cost thousands of jobs
New industry-commissioned modelling suggests that the Australian government's housing reforms will reduce new home construction by 10,700 units and cost thousands of jobs. The report warns that these measures may exacerbate the national housing crisis and increase rental costs.
Why it matters
The debate over housing policy is central to Australian economic discourse, pitting government reform efforts against industry concerns regarding supply and affordability.
Labor’s housing crackdown is being blamed for making Australia’s housing crisis worse, with explosive new modelling warning the reforms will wipe 10,700 homes from the pipeline, push rents higher and cost thousands of jobs.
And in another red flag for renters, fresh investor data suggests landlords are already heading for the exits.
The Federal Government’s flagship housing package has come under fierce attack after updated independent modelling found the changes could deepen the national housing shortage instead of easing it.
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The analysis, commissioned by Master Builders Australia, the Housing Industry Association, the Property Council of Australia and the Real Estate Institute of Australia, found the combined impact of the Budget housing measures would reduce new dwelling starts by 10,700 between 2026-27 and 2029-30.
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