Housing completions data released by the Australian Bureau of Statistics today shows housing supply for South Australia is still tracking well below required levels needed to meet housing targets.
In the June quarter of 2024, 2,840 homes were completed across South Australia. To reach the national housing target of 1.2 million new homes by 2029, South Australia needs to be contributing 16,000 homes every year, or around 4,000 a quarter.
South Australian Executive Director of the Property Council, Mr. Bruce Djite, said the quarterly results emphasise the need to provide increased certainty to developers so they can start building the additional homes required.
“Certainty means giving developers, builders and their financiers the confidence to start projects knowing they can rely on the timely delivery of services like water and sewerage,” Mr Djite said.
“Today’s quarterly figures show that South Australia is some way from hitting the pace required to contribute to our share of the national housing target.
“The State Government and industry is working collaboratively to resolve this, but the reality is if we don’t speed up approval processes and the delivery of services the housing crisis will get much worse.
“The Greater Adelaide Regional Plan will also need to be much more development-friendly if we are to seriously deliver the housing required for all South Australians”
The quarterly average number of dwellings completed in South Australia since data started being collected in 1984 is 2,518. In the last four quarters, South Australia has completed 10,944 homes.
