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{{propApi.successMessage}} {{region}} Change locationPre-sale Finance Guarantee: a policy so good, we increased our forecasts
Pre-sale Finance Guarantee: a policy so good, we increased our forecasts
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“Today the NSW Government announced the first project that has received support under the Pre-sale Finance Guarantee program announced last year.
"Under the Guarantee, the Government may commit to buy, off the plan, up to 50 per cent of homes in approved developments, valued at up to $2 million each. Support can range from $5 million to $50 million per project with the Guarantee to allow developers to achieve commercial construction finance.
“After a development has received approval, you still need finance to begin construction and you can’t get finance without a certain amount of off the plan sales. In a currently flat market, the Guarantee scheme will enable a developer to access the finance required to get shovels in the ground and sales can continue during construction,” added Mr Armitage.
“HIA Economics believes this is the first policy change that will result in a tangible increase in housing supply in NSW and have revised their forecasts for housing as a result.
Multi-unit starts are projected to grow by 7.7 per cent to 28,540 in 2026 and are expected to continue increasing, to break above 30,000 per year by 2027, in light of policy changes set to help boost apartment construction.
“We commend the NSW Government on the work that has been done to reform the planning system and get shovels in the ground faster,” concluded Mr Armitage.
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New rules add thousands to the cost of a new home as Tasmania falls years behind on housing
From today, every new home built in Tasmania must meet the full Livable Housing Design requirements. The Housing Industry Association says this adds thousands of dollars to the cost of building a home, at a time when Tasmanians can least afford it.
Rules for managing the risk of falls have changed - are you up to date?
Changes to Western Australia's requirements for managing the risks of falls will commence on 1 October 2026, introducing new expectations for builders, contractors and workers undertaking tasks where there is a risk of falling.
Livable Housing Design: final stage now in force
As of today, 1 October 2026, all new building work in Tasmania, unless exempt, must comply with all requirements of Part H8 Livable Housing Design of NCC Volume Two.
ACT housing approvals slump puts 2030 target under pressure
“The ACT’s housing supply pipeline is weakening, with building approvals in the three months to August halving compared with a year earlier,” said HIA Executive Director ACT and Southern NSW, Geordan Murray.