Albanese Wins Second Term in Landslide as Property Industry Urges Immediate Action on Housing Crisis
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By: Velorine
Aussie voters have given the Albanese government a second term in a landslide win, but the property industry says the government must get straight to work on building more homes.
The Labor federal government was re-elected with an increased seat majority and more authority on Saturday, with vote counting still underway and more than a dozen electorates still too close to call.
During the election campaign, the Albanese government promised billions of dollars to help first-home buyers get onto the property ladder sooner and to build more homes.
Now that the ALP government has secured a second term, Australia’s property industry has called on lawmakers to spare no second in fixing the country’s housing crisis.
Housing Industry Association (HIA) managing director Jocelyn Martin called on the newly elected government to make housing a first-order priority from day one.
“Any delay or political grandstanding will only deepen the nation’s housing crisis,” she said.
“Access to a home – whether to rent or own – is becoming unattainable for too many Australians. This is a challenge that demands a major response in the first days and weeks of the new term of government.”
Housing affordability was a burning issue for voters throughout the campaign, with Australians demanding serious solutions to lower, or at least slow down, the rising cost of renting and buying a home.
Real Estate Institute of Australia (REIA) president Leanne Pilkington said the election underscored the importance of stable and practical housing policy.
“Labor’s return to office comes with a strong mandate to tackle affordability and increase home ownership across the country,” Ms Pilkington said.
“We welcome Labor’s emphasis on supply and affordability. Support for first-home buyers is a vital step toward bridging the generational divide in housing access.”
The Albanese government’s landslide re-election signals strong public support, but it also places immediate pressure on the administration to deliver—particularly on housing. With Australia’s housing crisis intensifying, industry bodies are already calling for urgent action to increase supply, streamline planning, and invest in affordable and social housing.
The expectation is that the government will:
- Accelerate housing construction targets.
- Address labor and material shortages in the building sector.
- Collaborate with states and territories on planning reforms.
- Deliver on commitments like the Housing Australia Future Fund or similar initiatives.
