{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationVictorian house building hits new low
Victorian house building hits new low
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
The ABS today released its building activity data for the June quarter 2025. This data provides estimates of the value of building work and number of dwellings commenced, completed and under construction across Australia and its states and territories.
“This decline in house building, combined with a moderation in multi-unit commencements, saw Victoria start construction on just 13,970 new homes in the latest quarter, a long way down from the 20,000 homes target the Victorian government has set for itself,” added Mr Ryan.
“There were previously pockets of growth in certain home building sectors, such as higher-end custom and bespoke builds and knockdown-rebuilds, but this cycle looks to have ended without volume builders seeing an uptick in demand to pick up the slack.
“Recent interest rate cuts from the RBA and the Australian government’s removal of LMI requirements for first home buyers look to be bringing more buyers back to the market but it will be a few months before this translates into construction activity on the ground.
“Since the RBA’s rate hiking cycle, Victoria has been unable to mount a strong and sustained recovery.
“Relatively weaker population and labour market dynamics, expensive residential land and increasing state government taxes and regulations on home building, have held back the state while markets like Western Australia, Queensland and South Australia race ahead.
“Deeper and wider policy reforms are needed to reduce the taxes, costs and restrictions on home builders, home buyers and home investors, if the Victorian government wants to meet its housing targets.
“All forms of housing need to be supported, including house and land packages in greenfield areas, medium density units and townhouses in middle ring suburbs, and high-rise apartments in inner city and activity centres,” concluded Mr Ryan.
Victorian housing commencements vs target, by quarter
For more information please contact:
Renovators and investors boost home building activity
“Home renovation activity nears record high, boosted by rising home prices and low unemployment,” stated Tim Reardon, HIA Chief Economist.
Passage of the Planning Systems Reforms Bill is great news for the housing industry
“Today is a great day for the housing industry in NSW with passage of the Planning System Reforms Bill 2025 through parliament,” said Brad Armitage, HIA NSW Executive Director.
Confirm your DBI eligibility. Don’t wait, act now
Starting 1 July 2026, domestic building insurance (DBI) will only be available through the Building and Plumbing Commission (BPC), which has replaced the VMIA in providing this product.
HIA meets with Homes Tasmania leadership
This morning, HIA, including members of the Tasmanian Regional Executive Committee (REC), met with the Chair and a Director of the Homes Tasmania Board to discuss several matters critical to the future of housing delivery in Tasmania.