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
“Today’s decision marks the 12th rate increase since the RBA began this cycle in May 2022 and the impact of these early rate increases are only just emerging in official data.
“This downturn in leading indicators includes:
“There was a large pool of work yet to commence construction in May 2022 which has obscured the adverse impact of rate rises to date. The lags in this cycle are significantly longer than previous cycles.
“The impact of rate increases to date are starting to emerge in official housing data, but it will take a further 12 months for this slowdown to be apparent in work on the ground, and the wider economy.
“This will see the number of homes commencing construction slow, as population growth accelerates.
“In addition to the increase in rates, home building is also set to decline as regulatory costs continue to add to the cost of new home construction. If governments continue to make building new homes more expensive, fewer new homes will be built.
“The RBA’s recognition that the housing issue is due to a failure to build enough homes is a welcome move, but it remains to be seen how this would influence future cash rate decisions.
“It also highlights that interest rates are a very blunt and ineffective tool in managing inflation and the wider economy. Fiscal policy is a far more effective and precise tool,” concluded Mr Reardon.
“Prices of home building materials grew by 1.4 per cent in the year to September 2024, significantly slower than other goods and services as measured by CPI,” stated HIA Economist, Maurice Tapang.
HIA members are invited to sign up for online Planning Portal training sessions. The free training sessions cover a range of topics from navigating the Planning Portal through to creating and submitting a Complying Development Certificate application.
HIA congratulates David Crisafulli and the incoming LNP government in Queensland on their election victory and welcomes the announcement today of Ministers and their portfolios.
Members are reminded that from 1 November 2024, a written notification must be sent to WorkSafe ACT prior to undertaking, or directing or allowing a worker to carry out any permitted work involving legacy engineered stone in the ACT.