Currently, it's less than 1.5 per cent.In the press release that contained the quote Hanson used, the HIA also said: "Australia needed to build more than 250,000 homes last year just to keep pace with demand growth and begin reducing the housing shortage It is influenced by household formation, demographic change, migration, ageing, relationship formation and breakdown, changing housing preferences, replacement of existing dwellings and broader economic conditions."In fact, Reardon says one of the key reasons for a persistent shortage of housing leading to a crisis of affordability is that governments and local councils have tended to make housing supply decisions based purely on population growth data.Reardon says that the figure of 250,000 is an estimate of how many houses need to be built each year to improve affordability — that is, to generate a surplus that keeps prices down.Where Hanson was on very solid ground in her speech was when she complained about what happened with immigration between 2022 and 2024."Net overseas migration in the first three years under this Albanese Labor government has totalled 1.27 million people," she said.That figure is both correct and an indictment