Drawing on the evidence marshalled throughout the book, this chapter makes the case for fundamental reform of Australia’s housing policy regime and the associated governance of housing to address problems that are now deeply embedded in Australia’s housing system—especially unaffordable housing and growing wealth inequality. High-level aims of reform and key additional measures to those currently in train are proposed. Guiding principles to inform development of a long-term comprehensive and cohesive national housing strategy, which encompasses a balance of demand- and supply-side measures and regulatory reform, are suggested. These include coordinated national leadership, tackling the causes of unaffordability, restoring tenure-neutral housing policies, rebuilding institutional capacity and prudently phasing reform. The chapter concludes by reflecting on how housing system change might be brought about, and on the opportunity presented in 2025 for national government to propel structural reform in coming years.