Australia’s housing crisis to worsen with ‘significant shortfall in supply’, Labor’s expert council says

Report predicts numerous factors, including migration, mean housing affordability and inequality will continue to deteriorate

• Get our morning and afternoon news emails, free app or daily news podcast

Australia’s housing affordability “crisis” will continue to worsen with a “significant shortfall in supply”, according to the government’s own expert council.

In its first-ever state of the housing system report, the National Housing Supply and Affordability Council described Labor’s target of building 1.2m new homes over five years as “suitably ambitious” because it projects only 943,000 will be built in that time.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup