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{{propApi.successMessage}} {{region}} Change locationA strong year of house building is underway in the ACT
A strong year of house building is underway in the ACT
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Security of Payment - Coverage
The Building and Construction Industry (Security of Payment) Act 2021 (WA) (SOP Act) applies to some construction contracts but excludes others. Before you make a claim under the SOP Act, it is important to confirm that your contract is covered.
The Residential Building Bill
The Tasmanian Government has released the Residential Building (Miscellaneous Consumer Protection Amendments) Bill 2022 for consultation. HIA has raised concerns with some elements.
Geraldton local claims HIA Apprentice of the Year
Geraldton’s own third year carpentry and joinery apprentice Callum Marquis from Connolly Creative Building Co. has been named 2022 HIA Stratco WA Peter Stannard Apprentice of the Year.
Security of Payment overview
Security of payment laws provide for the rapid adjudication of payment disputes in the building and construction industry.
“This large volume of work will ensure that the industry remains very active through until at least the second half of 2022,” added Mr Weller.
“Renovation activity is also at an all time high and likely to remain elevated for a number of years due to the nature of the COVID recession and house price growth.
“On a per capita basis, the ACT had the strongest uptake of HomeBuilder applications for renovations.
“This level of activity is not likely to be seen again for many years, if not decades. The combination of factors that have led to this boom is unprecedented and are driven by HomeBuilder and low interest rates as well as a change in consumer preference away from high density areas.
“The key challenge for the industry has shifted from a slump in demand this time last year, to having sufficient supply of materials, labour and land to satisfy this demand.
“The extension of HomeBuilder’s commencement deadline will help limit the impact of constraints imposed by land, labour and materials and ensure the elevated volume of detached homes will be sustained for longer.
“The timing and speed of a recovery in overseas migration will have a significant impact on these forecasts.
“The return to stable and certain population growth is central to stable economic growth,” concluded Mr Weller.
This forecast is contained in HIA’s economic and industry Outlook Report. The State and National Outlook Reports include updated forecasts for new home building and renovations activity for Australia and each of the eight states and territories.
For further information please contact
Mike Hermon
Executive Director - Planning & Development at Housing
The Residential Building Bill
The Tasmanian Government has released the Residential Building (Miscellaneous Consumer Protection Amendments) Bill 2022 for consultation. HIA has raised concerns with some elements.
Geraldton local claims HIA Apprentice of the Year
Geraldton’s own third year carpentry and joinery apprentice Callum Marquis from Connolly Creative Building Co. has been named 2022 HIA Stratco WA Peter Stannard Apprentice of the Year.
Home builders fight for home ownership
Victoria’s peak housing body HIA has tabled a ten point plan to assist home ownership in the lead-up to the State election in November.
Housing a focus in 2022-23 ACT budget
The ACT Government has released its budget for the period of 2022-23 to 2026-27.