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{{propApi.successMessage}} {{region}} Change locationHIA releases ACT hotspots list
HIA releases ACT hotspots list
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“West Belconnen, which includes Ginninderry, has been announced as the ACT’s number one building Hotspot with a population growth rate of 666.7 per cent and $55.0 million in building approvals,” stated Executive Director, Greg Weller.
HIA today reveals Australia’s strongest markets for home building in the 2021 edition of the HIA Population & Residential Building Hotspots Report. The Report is aimed at finding employment growth areas targeted towards builders and tradies and identifies Hotspots in all states and territories.
“West Belconnen is a new addition to the ACT Building Hotspots list. It is followed by second on the list, Taylor, with $72.9 million in building approvals,” added Mr Weller.
“A record year for detached house building is underway with over 146,000 detached starts expected in the 12 months to September 2021.
“Australia’s population growth has been constrained due to closed borders. COVID-19 has also seen consumer preferences shift away from inner-city apartment style living to detached housing in regional areas.
“This shift could see more regional areas in the next edition of HIA’s Population and Building Hotspots Report,” concluded Mr Weller.
An area qualifies as a Hotspot in the ACT if at least $50 million worth of residential building work was approved during the 2019/20 financial year, and its rate of population growth is faster than the 1.3 per cent national average.
ACT Building and Population Hotspots**
**SAs with in excess of $50 million in residential building work approved in 2019/20 and with an annual population growth rate in excess of the national rate of 1.3%
| Statistical Area Level 2 | Statistical Area Level 3 | Residential Building Approved, 2019/20 ($'000) | Annual Population Growth Rate (%) |
| 1. West Belconnen | Belconnen | 54,946 | 666.7 |
| 2. Taylor | Gungahlin | 72,853 | 124.5 |
| 3. Denman Prospect | Molonglo | 87,577 | 103.6 |
| 4. Throsby | Gungahlin | 51,630 | 71.1 |
| 5. Greenway | Tuggeranong | 165,835 | 8.3 |
| 6. Dickson | North Canberra | 105,503 | 5.5 |
| 7. Braddon | North Canberra | 104,663 | 5.3 |
| 8. Reid | North Canberra | 164,782 | 2.2 |
| 9. Narrabundah | South Canberra | 63,290 | 1.8 |
Population data highlights contradiction in government policy
“Australia’s population reached 27.4 million by the end of 2024, up by 445,900 people, or 1.7 per cent for the year,” stated HIA Senior Economist, Tom Devitt.
Tasmanian Election - Stadium or no stadium we still need housing
The Tasmanian election that no-one wanted to have is in full swing, and while the limited campaign period is unlikely to provide the usual platform to promote key policies and reforms, HIA is calling on both major parties to prioritise housing policies given the significant challenges across the state.
‘Getting Keys in Doors’ shouldn’t be this difficult
“Our dated and complex planning system is littered with speed bumps that could easily be removed”, said Brad Armitage, HIA NSW Executive Director.
New home building contract laws welcomed by HIA
“The Victorian government’s proposal to update home building contract laws to make them fit for use in the 21st century is welcomed by HIA,” stated HIA Executive Director, Keith Ryan.