July 8, 2026 15:43 | News Australia is more than 112,000 homes behind its target of 1.2 million by mid-2029, new building data shows. The nation’s builders have completed 307,635 homes since the commencement of the national housing accord in the third quarter of 2024, the Australian Bureau of Statistics reported on Wednesday. While the number of homes under construction has been trending steadily higher, the industry remains far below the required rate to meet the target.