{{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 locationNew home lending remains strong ahead of RBA rate rise
New home lending remains strong ahead of RBA rate rise
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 released the Lending to Households and Businesses data for April 2022 today. The data provides statistics on housing finance commitments.
“While loans for new homes declined by 5.9 per cent in April 2022, this still leaves the month up by 10.7 per cent on its 2019 counterpart. Lending for the last three months is also up by 15.2 per cent compared to 2019,” added Mr Devitt.
“Lending to all segments of the market – first home buyers, other owner occupiers, and investors – remains well above their pre-pandemic levels.
“Lending for renovations, in particular, is sitting at almost three times pre-pandemic levels.
“At the end of 2021, there were 75.7 per cent more detached homes under construction than pre-COVID. There are also more homes approved and waiting commencement than in any previous cycle.
“Together with similar new home building and renovations booms in other developed economies, this has placed significant demands on the international supply of building materials, along with local supplies of land and labour. The result has been ongoing increases in the cost of home building.
“These factors will sustain Australia’s elevated number of homes and renovations under construction and keep Australia’s already-stretched home builders busy until at least June 2023.
“They will also delay the adverse impact of rising rates on the industry, and therefore the wider economy.
“An acute rental shortage and deterioration in affordability has also seen strengthening in demand for multi-units, including high rise apartments. On top of this, there are early signs of a return of overseas migrants, who tend to favour higher density living more than existing residents.
“With detached home building and renovations activity remaining at capacity for at least another year and demand for multi-units returning, the shortage of building materials and labour will continue to be the main pinch point for the industry.
For more information please contact:
Federal Government confirms funding for Territory apprentices during visit to Darwin
“The Housing Industry Association (HIA) is pleased to welcome Minister Andrew Giles to the HIA NT Skills Centre in Darwin, providing an opportunity to showcase the Northern Territory’s training pipeline and discuss the continued challenges facing the local residential building industry,” HIA Executive Director Northern Territory, Luis Espinoza, said today.
Housing Australia launches Round 3 funding
The Federal Government, through Housing Australia, has announced a third round of funding, in support of its commitment to the building of 1.2 million homes over the next 5 years.
Christmas Comes Early for Housing: HIA Backs Premier’s Action Agenda
The Housing Industry Association (HIA) today welcomed Premier Rockliff’s announcement of the Tasmanian Government’s next 100-day plan, which commits a suite of housing and planning reforms to fast-track new homes and cut red tape.
Key changes under the QBCC Bill
The Queensland Government recently announced the next phase of the ‘Building Reg Reno’ reforms, including various changes under the Queensland Building and Construction Commission and Other Legislation Amendment Bill 2025.