Yes. However, those with the empty homes won't be sucking on the public teat. Not tenanted, no funds from Gov will they get. I gather they have been, or will be, burnt big time. Most of these properties are designed for two or more SDA residents. I cannot imagine even if they could get tenants will they get even $750 per week instead of the $100k pa per SDA tenant they were expecting. Would a family of four want to move into a place in the middle of nowhere with no amenities close by let alone a property designed for disabled individuals?
Blowed if I know why a claim they saw a financial planner in anyway resolves those who purchased or entered into an arrangement to build. What would an FP know about demand and supply in specific areas and availability of other SDA builds? That's not their field of expertise. In any case, RE isn't a financial product which requires FP advice.
Pretty messy all round but trying to pin the blame on Gov doesn't wash in this case. Developers and sales teams pushed the SDA product and the punters gobbled it up from what I understand. As far as I know, the Gov hasn't underwritten the developers or provided them with a guarantee tenants were available. However, it is only my opinion for what it's worth.