What can Australia learn from Europe’s housing plan?
Australia looks to Europe’s Affordable Housing Plan for lessons on construction, taxation and social housing targets.
The European Commission’s first Affordable Housing Plan, released in 2023, calls for a 40% rise in EU housing output to meet demand, and urges member states to tax speculation, use vacant stock and mandate affordable units in new developments. Australia’s federal government aims to build 1.2 million new homes from 2025, a 33% increase over 2005‑25 norms, but modelling shows pricing pressure may persist without complementary policy. Canada’s 2017 strategy and Australia’s 2022 Labor pledge highlight the need for a federally led mission. Key Australian figures include 1 million vacant dwellings (2021), 4% social housing share, and a target of 54 000 social homes per year to reach 10% of the stock. The plan underscores that market‑building alone is insufficient; taxation reform, land‑tax incentives and active supply targets are essential.
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