Housing pipeline bottlenecks ease as stalled home approvals fall, construction momentum improves

The downturn across most major cities hints at a pivotal shift, with long-stalled housing projects finally breaking ground, easing the build-up of homes stuck in the pipeline, writes KPMG Urban Economist Terry Rawnsley.

New analysis of Australia Bureau of Statistics (ABS) housing data has revealed that the number of stalled new homes fell in Australia's largest cities over the past year, as the country gets more homes out of the ground to combat the housing affordability crisis. Nationally, the number of approved homes yet to start construction fell by 7 percent over the year to December 2025, with declines recorded in most major metropolitan markets, according to analysis by KPMG Australia. Interest rate ...

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Authors: Terry Rawnsley

Published Date: 19 May 2026