Auditor-General confirms Housing Australia audit

SENATOR ANDREW BRAGG

Shadow Minister for Productivity and Deregulation

Shadow Minister for Housing and Homelessness

Liberal Senator for New South Wales

STATEMENT

29 October 2025

Auditor-General confirms Housing Australia audit

Housing Australia is in chaos, and now the Auditor-General has confirmed the agency is being audited.

The Auditor-General has confirmed that a performance audit into the design and delivery of the Housing Australia Future Fund (HAFF) has commenced. The Auditor-General’s review is expected to last until June 2026.

The HAFF is one of the biggest public policy disasters of my lifetime. It is Pink Batts 2.0.

Treasurer Jim Chalmers allowed big super funds to secretly influence the way the HAFF’s ‘availability payments’ work.

Chalmers and Labor blocked access to documents exchanged between the superannuation industry and Housing Australia back in 2022 and 2023.

It is clear the government has structured HAFF availability payments to suit the super lobby.

Lo and behold, the super funds are now rolling in rivers of taxpayer gold thanks to Labor’s failing HAFF. Assemble, majority-owned by Big Super funds Australian Super and HESTA, is the biggest beneficiary of the HAFF, receiving over $2 billion of taxpayer funds.

The Coalition welcomes the Auditor General’s examination of Housing Australia.

In some instances, Housing Australia has overseen availability payments escalating to more than $1 million per dwelling - twice the average cost of building a new home. Such maladministration of taxpayer funds on something as critical as housing is a disgrace.

The government is using Housing Australia to launder money to the super funds and Australians are paying the price. This chaos is emblematic of Labor’s broader approach to housing, pouring $60 billion into bureaucracies while failing to build homes.

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