Labor’s housing reforms to slash 10,700 homes and cost thousands of jobs

Labor’s housing crackdown is being blamed for making Australia’s housing crisis worse, with explosive new modelling warning the reforms will wipe 10,700 homes from the pipeline, push rents higher and cost thousands of jobs. And in another red flag for renters, fresh investor data suggests landlords are already heading for the exits. The Federal Government’s flagship housing package has come under fierce attack after updated independent modelling found the changes could deepen the national housing shortage instead of easing it. MORE NEWS Sunset clause debate continues in Queensland $200 rent rise forces student into his car ‘Don’t buy’: Agent warns buyers of $50k hidden home defect The analysis, commissioned by Master Builders Australia, the Housing Industry Association, the Property Council of Australia and the Real Estate Institute of Australia, found the combined impact of the Budget housing measures would reduce new dwelling starts by 10,700 between 2026-27 and 2029-30. It also forecasts rents will rise by about $10 a week, cumulative GDP will be cut by about $1.05bn, and more than 4700 construction jobs will be lost. Labor’s high-stakes housing overhaul is under fire after new ...