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The Fair Work Commission handed down its Annual Minimum Wage decision today with a 4.75 per cent increase to the national minimum wage and modern award minimum wages.
“Building approvals ticked down by 3.4 per cent in April, including a 0.9 per cent decline for detached houses and a 7.2 per cent decline for multi-units,” stated HIA Senior Economist Tom Devitt.
“The Housing Industry Association (HIA) is deeply concerned with today’s Fair Work Commission decision to increase the Minimum Award Wages by 4.75 per cent, which will make it harder to deliver new homes at the scale Australia urgently needs,” said HIA Managing Director, Jocelyn Martin.
The Tasmanian Parliament has passed the Building Amendment Bill 2026, confirming a revised approach to how the National Construction Code will apply in Tasmania.