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Jim Chalmers recently claimed the government is making progress on housing, but the numbers tell a completely different story. Australia was meant to deliver 240,000 homes this year but only approved roughly 180,000, and the gap between approvals and actual completions keeps widening. This isn't about politics or policy intent anymore. There are fundamental structural problems in the construction sector that no government can fix quickly, regardless of who holds power. While most sectors of the Australian economy became more efficient over the past 20 years, construction went backwards. Fewer homes are being built per hour worked today than decades ago, despite all the additional rules, compliance requirements, and oversight. Build times for units, townhouses, and detached houses have all stretched significantly longer, driving costs higher and forcing developers to focus on premium properties instead of affordable housing. First home buyers, property investors, and renters all need to understand why this supply crisis creates upward pressure on both prices and rents that won't ease without major systemic changes. 🏘️ Subscribe now to become a property insider and stay ahead of these market-changing trends. ➡️ Timestamps: 00:00 Intro: The Government's Housing Promise Is Broken 01:20 Why Sentiment and Interest Rates Don't Matter Anymore 03:20 Build Times Have Blown Out Across All Property Types 04:45 Population Growth Without Construction Workers 06:13 The Golden Window for Property Investors 07:06 Conclusion: What Will Bring Prices Down #housingcrisis #Australia #property