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.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Enter your details below and create a login
Send me exclusive tips, early access to new launches, and special offers. I can change my mind at any time.
By clicking Get started now you agree to the terms and conditions and privacy policy.
“Lending for new homes is down by 62.4 per cent since its peak in January 2021, to its lowest level since November 2012,” added Mr Reardon.
“Sales of new homes have stalled in recent months as market confidence declines.
“This poor data is as a consequence of the fastest increase in the cash rate in a generation. Despite this, the impact of last year’s rate increases won’t be fully apparent until late this year.
“The decision by the RBA to increase rates further in 2023, will further erode market confidence and accelerate the downturn that is already evident.
“There are significant lags between a change in the cash rate and its impact on the economy. In this cycle, it will take up to 18 months before the impact of the May 2022 rate increase fully flows through to employment in the sector.
“The supply chain disruptions of the pandemic are easing. Inflation in other economies is slowing and interest rates are not the only tool at governments’ disposal to address the inflationary problem,” concluded Mr Reardon.
The Housing Industry Association (HIA) is calling on the Victorian Government to immediately halt plans for any new laws affecting home building, including yet more changes to the National Construction Code (NCC) and the Buyer Protection laws, including minimum financial requirements (MFR), that currently are expected to start on 1 July 2026.
New figures from the HIA Tasmania Outlook Summer 2026 Report reveal a market where buyer demand is still strong, commencements are gradually rising, and lending has begun to strengthen. However, the state continues to face significant barriers around the availability of serviced land, and project feasibility.
Analysis by the Housing Industry Association (HIA) shows that there can be immediate financial benefits for young people taking up a trade in comparison to tertiary education.
The following is a joint statement from the Housing Industry Association, Master Builders Australia, Property Council and the Real Estate Institute of Australia.