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Labor’s housing crisis is getting harder to hide. Treasury admitted that housing modelling behind the Government’s schemes remains secret – and the results aren’t adding up. Australia once built 220,000 homes a year. Under Labor we’re on track for just 170,000. Billions spent, yet supply remains sluggish. Treasury Secretary Jenny Wilkinson couldn’t explain the collapse in completions, nor why the Government is only “confident” about meeting housing targets in two states – leaving six in doubt. She also conceded there are “lessons” from HAFF’s first two rounds. And the Government’s 5% deposit scheme? Treasury forecast it would raise prices by just 0.6% over five years – yet prices jumped 1.2% in a single month. Their modelling remains hidden behind redaction. The data speaks for itself. Labor’s housing plan isn’t working – and today’s Estimates exposed it once again.