ABS housing data released today reveals quarterly supply levels in South Australia are still not keeping up with the pace needed to meet the state's share of the National Housing Accord Target of 1.2 million additional homes by 2029.
In the September quarter of 2024, there were 3,104 dwellings completed across South Australia, 1,087 short of the approximately 4,191 required per quarter to meet the target.
South Australian Executive Director of the Property Council, Mr. Bruce Djite said, as the Malinauskas government approaches the budget this year it should focus on supply side policy initiatives that will significantly increase the number of homes being built.
"Since the release of the Housing Roadmap last year, a great deal of constructive engagement is occurring to remove constraints on housing supply, and the Greater Adelaide Regional Plan anticipates 315,000 additional homes by 2051, " Mr Djite said.
"However, the state will fail to hit its housing target if there is not a more concerted effort to accelerate housing delivery in the short term.
"If there is no step change in these quarterly supply figures then the shortfall will compound in a deepening housing crisis as the 2029 deadline approaches.
"Our planning system is arguably the best in the nation and yet we need to lift the number of quarterly completions by 35 per cent if we are to meet our housing target.
"We need to see less populist policy announcements such as mandating minimum garage sizes that simply drives up housing costs and further constrains supply."
In the last four quarters, South Australia has completed 11,854 homes and has an annual supply target of approximately 16,000 homes.
