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{{propApi.successMessage}} {{region}} Change locationVictoria Dominates National Residential Building Hotspots List
Victoria Dominates National Residential Building Hotspots List
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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.
“Victoria has dominated this year’s HIA Residential Building Hotspots Report, with 11 of Australia’s Top 20 building growth areas all located in Melbourne, Geelong and Ballarat,” stated Executive Director, Fiona Nield.
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.
“The majority of the growth is in the fringe of Melbourne as the city expands,” added Ms Nield.
“Significant infrastructure investment has occurred in this region to accommodate strong population growth in Victoria for several years.
According to the HIA Population & Residential Building Hotspots Report 2021, the Mickleham – Yuroke area, located north of Melbourne’s Tullamarine Airport, is Australia’s number one Hotspot. It had a population growth rate of 32.8 per cent during 2019/20 and $412.1 million in building approvals.
“Mickleham – Yuroke has been a regular in the National Top 20 Building Hotspots list over the past couple of years, along with second on the list, Rockbank – Mount Cottrell.
“It will be interesting to see if this trend of Victoria dominating the national list continues in future editions of this report. COVID-19 has seen a halt to overseas migration, which is a large part of Victoria’s population growth, as well as an increase in the number of residents leaving Melbourne for the rest of the country,” concluded Ms Nield.
The HIA Population & Residential Hotspots 2021 report provides a ranking of Australia’s top 20 Residential Hotspots – as well as individual rankings for each of the states and territories. Of the national Top 20:
- 11 are located in Victoria
- five are in New South Wales
- three are in South-East Queensland
- one is in the ACT
Nationally, an area qualifies as a Hotspot if at least $150 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.
For further information please contact:
Joe Shanahan
Manager, Media and Government Relations
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.