2 December 2025
Over 2015 to 2019 the population of Australia’s capital cities increased by 1,198,400 people. Over this period there were 269,500 apartments delivered.
Over 2020 to 2024 the population of Australia’s capital cities increased by 1,196,200 people. Over this period there were 149,300 apartments delivered.
Based on the current government projections, over 2025 to 2029 the population of Australia’s capital cities is forecast to increase by 1,169,200 people. Based on Charter Keck Cramer’s forecasts, and assuming all projects are able to achieve presales and receive funding and then get built, there are estimated to be 300,700 apartments notionally to be delivered.
Most markets are chronically starved of new supply. It is absolutely critical that the Federal, State and Local governments come together and enact meaningful tax, labour, (further) planning and immigration reform. Until this occurs, supply at scale is not going to be able to be mobilised, which means Australia will substantially undershoot the various Federal and State housing targets. Conversely, should governments come together, make decisions that transcend political affiliations and enact meaningful reform it is evident that the private market is ready and waiting to respond to this generational challenge.
Charter Keck Cramer urges policy makers to make the correct long-term decisions to address the housing crisis which is a long-term problem.
