{{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 locationSupply of new homes set to slow further
Supply of new homes set to slow further
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
HIA released its economic and industry Outlook report today. The report includes updated forecasts for new home building and renovations activity nationally and for each of the eight states and territories.
“There has been a rapid slowdown in the volume of new building projects entering the pipeline, especially new apartments, over the past year,” added Mr Reardon.
“The sharp increase in the cash rate has compounded the barriers created by extraordinary restrictions on lending and investing, increased construction costs and regulatory costs.
“The rise in the cash rate is the key reason for the slowdown in the number of new homes commencing construction. There are long lags in this cycle and the full impact of the increases to date will not be apparent, until late 2024.
“Leading indicators of home building activity have fallen to exceptionally low levels. New home sales are almost 50 per cent lower than a year ago. Lending for the purchase or construction of a new home has fallen to its lowest level since 2008.
“The slowdown in the commencement of new homes is counter to the goal of increasing supply and delivering one million homes over the next five years.
“Beyond the rise in the cash rate, the supply of new homes is also constrained by a range of regulatory and cyclical challenges. The Government’s Housing Australia’s Future Fund isn’t a solution to all of these problems, but it is a necessary step toward improving the supply of new homes.
“Removing barriers to investment, reforming local council planning processes and stable economic settings are also necessary steps,” concluded Mr Reardon.
HIA Forecast - Australia
For more information please contact:
Housing must be a national priority this Federal Election
Today HIA launched our 2025 Federal Election campaign that calls on all political parties to commit to making housing a national priority and deliver a comprehensive housing plan in support of our industry.
WorkSafe ACT raises alarm over training gaps
Housing Industry welcomes priority on residential construction workforce (WA)
The Housing Industry Association (HIA) has welcomed today's announcement by the WA Labor Party to extend the Group Training Organisation (GTO) Wage Subsidy program, providing more opportunities for Western Australians to embark on apprenticeships should it be successful at the next election.
Interest rate cuts won’t deliver 1.2 million homes
“The RBA cut its benchmark cash rate today from 4.35 per cent to 4.1 per cent, the first cut since it first started its hiking cycle in May 2022,” stated HIA Chief Economist, Tim Reardon.