With 14,191 new dwellings completed in the June quarter, the rolling 12-month tally of new homes built is 56,303, which compares to 56,296 in the previous 12 months – an overall increase of seven new homes.
There was more positive news on commencements, with 16,239 dwellings commencing construction in the June quarter – the highest quarterly figure since March 2023. Total commencements for the 12 months to June 2026 reached 57,551, up from 55,958 in the previous year.
Property Council Victorian Executive Director Cath Evans said the figures reinforced how much further reform was needed in Victoria to meet the state’s long-term housing need.
“We continue to fall well short of the Victorian Government’s own target of 80,000 homes a year, or 800,000 homes over the next decade, as set out in the 2023 Housing Statement,” she said.
“Victoria’s population is growing, but housing supply is not keeping pace. Without serious reform, the industry cannot deliver the homes Victorians urgently need.
“An increase of seven more homes in 12 months is just not good enough.
“That requires action on the barriers that are making projects increasingly difficult to get off the ground – particularly Victoria’s tax settings and planning system.
“Our 2026 election platform, Best to Invest: The Reform Agenda Victoria Needs Now, sets out a clear reform agenda to make Victoria more competitive and unlock the investment needed to deliver new housing.
“This includes reducing the tax burden on institutional investors, incentivising the construction of new apartments and townhouses, and the abolishing unique taxes like Windfall Gains Tax to make Victoria more competitive.
“Victoria cannot afford to keep falling behind. If we want to build homes, we need to make it easier – not harder – to invest, develop and build in this state.”
