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Under the $150 million program, grants and initiatives will be delivered across five key streams focused on modernising the sector, supporting secure and well-paid jobs, strengthening innovation, securing sustainable fibre supply and increasing Australia’s sovereign capability.
HIA Chief Executive Industry & Policy Simon Croft said the Forestry Growth Fund investment in plantations, timber processing, innovation and workforce capacity was a welcome recognition that housing targets must be backed by the materials needed to deliver them.
“You can’t build 1.2 million homes without securing the materials needed to build them,” Mr Croft said.
“Timber remains one of the most important building materials in Australian housing, with more than 70 per cent of house frames constructed using timber.
“The $15 million investment in plantation establishment is particularly welcome. The trees we plant today will determine the timber available to Australian builders in the decades ahead.
“Equally important is the $115 million investment in modern processing and innovation to strengthen local manufacturing and get more value from Australia’s timber resources.
“Recent supply chain disruptions demonstrated the consequences when critical building materials become scarce, costs rise, construction slows and ultimately builders and home buyers pay more.
“Strengthening domestic timber production and processing will help reduce Australia’s exposure to international supply shocks while supporting manufacturing and regional jobs.
“HIA has consistently called for a long-term national approach to timber and building material security.
“The Government’s Forestry Growth Fund and Timber Fibre Strategy are positive steps towards that goal and HIA welcomes the strong focus on supporting Australia’s sovereign capability.
“Australia has an enormous task ahead to build enough homes for a growing population. That means planning not just for the homes we need tomorrow, but the timber, trades and manufacturing capacity required to build them.
“This investment is a welcome step towards ensuring Australian builders have reliable access to Australian timber to get those homes built,” concluded Mr Croft.
The NSW Government has recently announced changes to the Home Building Compensation Fund (HBCF) requirements for Class 2 building projects.
With less than one month until Victorians head to the polls, the Housing Industry Association (HIA) says both major parties have responded to growing pressure to address the state's housing shortage, announcing a range of measures that align with priorities outlined in HIA's Victorian election policy agenda.
HIA made a submission to the Industrial Relations and Other Amendment Bill 2026 which proposes to implement a number of legislative recommendations arising from the 2026 industrial relations and workers’ compensation scheme review.
The Northern Territory’s leading residential builders, designers and manufacturers gathered at Mindil Beach Resort on Friday 30 October for the 2026 HIA Northern Territory Housing and Kitchen & Bathroom Awards.