Australia is falling increasingly behind on the Albanese government’s target to build 1.2 million homes by the end of the decade as a push to turbocharge the supply of properties meets cost blowouts and community resistance.

Master Builders Australia, which represents the country’s biggest builders and residential property developers, said its forecasts showed a gap of 36,000 homes every year until the middle of 2029. That meant there would be 180,000 fewer homes than are needed; 20,000 more than first thought.

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