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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.
The Housing Industry Association (HIA) has welcomed the Tasmanian Government’s move to crack down on copper and scrap metal theft, warning that construction site theft is adding to the risk that insurers are pricing into premiums for Tasmanian builders.
The Housing Industry Association (HIA) welcomes the Queensland Government’s continued investment in enabling infrastructure through Round 2 of the $2 billion Residential Activation Fund, but the funding must be tightly targeted to ensure it genuinely delivers new housing supply,” HIA Executive Director Queensland, Michael Roberts, said today.
The Housing Industry Association (HIA) will be sending a simple message to the inquiry into Capital Gains Tax (CGT) on residential property when it appears before the Select Committee on the Operation of the Capital Gains Tax Discount tomorrow – if you tax something more, you will get less of it.
The Housing Industry Association (HIA) has today welcomed the Tasmanian Government’s finalisation of the Building Amendment Bill 2026, ahead of its imminent introduction to Parliament. The Bill will formally pause further implementation of new National Construction Code (NCC) requirements in Tasmania.