The government’s $770 million per-home housing plan is in serious trouble, with a new audit revealing it’s unlikely to hit its 40,000-home target by 2028. Despite a $10 billion fund and recent funding boosts, Treasury’s slow risk management and lack of oversight have left the project lagging. The cost? A staggering $12.2 billion over 15 years—with $3.2 billion coming straight from taxpayers. While Housing Minister Clare O’Neil defends the plan as adaptable, the opposition calls it a “nightmare” and a waste of money, as Australia’s housing crisis grows more urgent.
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