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Ms Hart said the release of the latest HIA Economic and Industry Outlook Report showed a high level of confidence in WA’s new home building sector.
“COVID marked a significant structural shift in the WA housing market with the home building grants acting as a green light for consumer confidence after several years of depressed activity,” said Ms Hart.
“HIA’s latest forecast for new home building in WA points to activity being above pre-COVID levels over the next three years.
“WA has recorded 79.6 per cent growth over 2020, with 23,840 expected starts in 2021 and then a further 20,220 starts forecast for 2022.
“The state has benefited from an inflow of residents from other states with more people choosing WA as their preferred destination to live and work during the pandemic - a contrast to the high number of residents who left for the east coast after the previous mining boom.
“Today’s strong forecast is positive in terms of increasing the supply of housing stock but comes as the home building sector continues to grapple with the ongoing challenges of shortages of labour, land and materials.
“The impact of this means that the time it takes to complete the build of a new home is now the longest it has been in ten years.
“We expect this will moderate throughout 2022 as global supply chains efficiency improves and borders begin to open.”
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.