Western Australia is leading the nation in increasing its home completion rate but is still more than 500 homes behind its National Housing Accord target, according to Australia Bureau of Statistics data released this morning.
The dwelling completion data shows 5924 homes were built across Western Australia in the 2024 September quarter - the first three months of the National Housing Accord timeframe.
To build its fair share of the National Housing Accord's target of 1.2 million new homes, WA would need to construct about 130,000 homes by the end of June 2029.
That equates to about 6,500 homes each quarter or 26,000 a year. Last financial year, 17,700 homes were built across the state.
September quarter's home completions represent a 32.8 per cent jump compared to the previous June quarter.
Comments attributable to Property Council WA Executive Director Nicola Brischetto:
"It is highly encouraging to see a 33 per cent jump in home completions across WA for the September Quarter."
"This is the largest increase in home completions of any Australian state or territory.
"The State Government's modernisation of Western Australia's planning is starting to pay dividends.
"Western Australia, however, has already fallen more than 500 homes behind in meeting its National Housing Accord target - in just the first three months of the Accord's timeframe.
"The availability of skilled labour and the challenging financial feasibility of building multi-home projects, such as apartments, are the most significant barriers to WA meeting its target.
"Demand will be strong well into the future, and unless we can dramatically increase the supply of homes, the shortfall of housing stock will continue to put pressure on prices.
"If we don't pull out all the stops now, we risk home ownership falling further out of reach for entire generations of West Australians.
"By modernising the state's planning system and working to expand our construction workforce, the WA Government has laid the foundations for future success in delivering more homes.
