We made 5 recommendations to address 3 issues. The relevant agencies have accepted our recommendations in full or in principle.

Download a PDF copy of Appendix C: Audit scope and method.

Download a PDF copy of Appendix B: Abbreviations, acronyms and glossary.

Download a PDF copy of Appendix A: Submissions and comments.

Despite rising cost pressure, Homes Victoria is on track to deliver the BHB within the original budget of $5.3 billion. 

Homes Victoria has started or finished more than 70 per cent of the project's 12,949 homes. But it is likely to complete the BHB 3 years behind schedule.

Selecting sites for the BHB is an ongoing process. Homes Victoria uses sound criteria to decide if a site is suitable for the BHB and follows a well-documented, consistent assessment process.

Homes Victoria has a good understanding of its existing assets and demand for social housing. But its strategy does not clearly prioritise building new homes in locations with the highest need. It also lacks specific goals to measure its progress in reducing the gap between supply and demand.

Homes Victoria knows that social housing faces significant financial challenges. Homes Victoria has some initiatives to improve its finances. But it is yet to develop a financial sustainability plan that will help it to continue to grow social housing.

This section summarises our key findings. The numbered sections detail our complete findings, including supporting evidence.

When reaching our conclusions, we consulted with the audited agencies and considered their views. The agencies’ full responses are in Appendix A. 

We made 4 recommendations to address 2 issues. Homes Victoria has accepted these.

Download a PDF copy of Appendix C: Audit scope and method.

Download a PDF copy of Appendix B: Abbreviations, acronyms and glossary.