Australia announced measures to accelerate housing construction.

The Australian government is planning to take measures to speed up housing construction to address the nationwide housing crisis. Australian Minister for Housing, Clare O'Neil, stated that the government plans to expedite the approval process for new housing, halt changes to building regulations, and utilize artificial intelligence to implement relevant changes. The government also plans to reduce barriers for pension funds in housing investment, which could stimulate housing consumption, and this issue was discussed at the recent Economic Roundtable meeting to enhance Australia's productivity.