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“This investment is for enabling civil works including roads, sewerage, water and power that will support the delivery of 3,781 dwellings which will be a mix of new social homes and private residential lots.
“Part of the total spend includes, $4.5 million being provided to deliver infrastructure upgrades from the Burwood Highway, Knoxfield. This will pave the way for around 400 new dwellings and increase access to the area.
“Also, more than $88 million is being made available for to boost housing supply and bring forward housing projects in regional Victoria.
“This investment is critical to build both social and private homes faster, as builders often tell us that getting this key ‘last mile’ infrastructure is what holds many projects back from being delivered in a more-timely fashion.
"HIA strongly advocated for a boost in enabling infrastructure funding as part of this year’s Federal Budget and were pleased to see $1.5 billion being committed by the Federal Government to support states, territories and local governments to unlock new homes.
“It is therefore encouraging to see this funding now being rolled out to support key housing projects, in order to boost housing supply across the country,” concluded Ms Martin.
“Sales of new homes declined for a second consecutive month, down by 4.6 per cent in June, as higher interest rates and policy uncertainty continue to weigh on consumer confidence,” added Mr Reardon.
Australia's residential building industry will gather in Melbourne tomorrow for the HIA Future Homes Forum, a landmark event bringing together leading thinkers, builders, designers and innovators to explore the technologies, materials and consumer trends shaping the next generation of housing.
The Housing Industry Association (HIA) is calling on the Tasmanian Government to urgently reform Tasmania's Protection Work framework, warning the current system is creating unnecessary delays, increasing costs and exposing builders and owners to uncertainty and risk.
Opening statement by Simon Croft, Chief Executive Industry & Policy