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“HIA acknowledges the Housing Statement is an important initiative by the Victorian government that recognises that a lack of supply in the number of new homes being built is a major cause of the housing affordability crisis.
“The government made the right call in setting an ambitious target of 800,000 homes in 10 years. As the population of Victoria continues to grow, the demand for more homes where people want to live will also rise.
“More than most states, Victoria has the capacity to make the great Australian dream – a house on a block of land – a reality. This makes Melbourne and Victoria an attractive place to live and work.
“But the pathway to realising the Housing Statement target isn’t likely to be through the government’s long standing, and never achieved, 70/30 policy.
“Despite creating priority precincts, a Development Facilitation Program, changes to building heights and design requirements and streamlined planning approvals to support subdivisions, the government’s attempts to favour infill with policy and operational changes is simply not working to meet the target.
“The vast majority of new homes get built because consumers, not governments, want them built. The approval and commencement data for new homes shows that consumers are preferring to buy new homes in greenfield areas. The 70/30 policy is not aligned with the expectations of consumers.
“The time has come for the Victorian government to accept that consumers, and not government officials and planners, will decide what type of home they want to live in and where they will live. The answer for many Victorians, and certainly more than 30 per cent of Victorians, is a house or perhaps a townhouse or similar dwelling in either the suburbs or regional Victoria,” concluded Mr Ryan.
“The median price of residential land sold nationally jumped by 6.8 per cent over the 2024/25 financial year, more than three times faster than consumer price inflation over the same period,” stated HIA Chief Economist Tim Reardon.
“The Housing Industry Association (HIA) is calling on all parties to park the games and fast track the delivery of the long overdue EPBC reforms by the end of this year,“ HIA Managing Director, Jocelyn Martin said today.
The Housing Industry Association (HIA) welcomes the announcement of an audit into the Housing Australia Future Fund (HAFF) but cautioned that the review should not delay or derail the urgent task of increasing Australia’s housing supply, HIA Managing Director Jocelyn Martin said today.
“The announcement that the NSW Government will fast-track a major rezoning of Gosford City Centre, unlocking 1,900 new homes across 283 hectares, provides an exciting opportunity for the Central Coast,” commented HIA Hunter Executive Director, Craig Jennion.