There are fresh warnings the federal government will miss its key housing target, as Housing Minister Clare O'Neil vows to forge ahead by slashing red tape.

The government has promised to build 1.2 million homes by the end of the decade to stop a generation of Australians being locked out of the market.

But property research firm, Cotality, has become the latest sector voice to warn the current approach isn't working and that accelerating building approvals won't get things back on track.

• Guest: Clare O'Neil, Minister for Housing and Homelessness 
• Producer: Teodora Agarici