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{{propApi.successMessage}} {{region}} Change locationVictoria needs to follow South Australia's lead
Victoria needs to follow South Australia's lead
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The HIA Housing Scorecard report presents analysis which ranks each of the eight states and territories based on the performance of 13 key residential building indicators against their decade average, covering detached and multi-unit building activity, renovations, housing finance and rates of overseas and interstate migration.
“Victoria’s ranking has fallen in recent quarters as key indicators of building activity slow under the weight of rising interest rates,” added Mr Ryan.
“The volume of new homes commencing construction is failing to keep up with the consumer demands produced by the pandemic, and the recent rapid return of overseas migrants and students.
“Key leading indicators have deteriorated dramatically over the last year. New home sales in Victoria are down by almost 50 per cent.
“This has filtered through to lending and approvals data. Lending to owner occupiers in Victoria has been almost 20 per cent below the decade average, while approvals of new multi-units are down by 80 per cent.
“This will compound the shortage of housing that is causing rapid rent price growth.
“The RBA’s interest rate increases over the last year have weighed heavily on Victoria’s housing market, but responsibility must also lie with government.
“The South Australian government has shown a clear path to increasing the supply of new homes.
“South Australia topped the HIA Housing Scorecard, and its strong performance will be supported by policy changes announced in this year’s State Budget which included a reduction in stamp duty, the release of 25,000 blocks of land and an investment in public housing stock.
“Importantly, the South Australian government has concentrated on the basics and its measures respond to consumer demands for housing.
“Supporting new home building by reducing costs, attracting more investment and improving capacity is essential to ensure that an adequate supply of new homes commence construction,” concluded Mr Ryan.
State scores
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Regulatory reforms critical to encourage MMC
HIA welcomes a commitment from the Victorian government to support the uptake of MMC and measures to boost construction productivity.
Land Use Planning and Approvals Amendment (Development Assessment Panels) Bill 2025
HIA supports the Land Use Planning and Approvals Amendment (Development Assessment Panels) Bill 2025. HIA is confident that DAPs will deliver meaningful improvements to a planning system that is currently struggling to meet Tasmania’s housing and development needs.
HIA backs Development Assessment Panels to deliver planning certainty
The Housing Industry Association (HIA) has welcomed the Tasmanian Government’s Land Use Planning and Approvals Amendment (Development Assessment Panels) Bill 2025, as public submissions close today, describing it as a critical step toward improving Tasmania’s planning system.
Statutory review: Work Health and Safety Act 2020
HIA responded to the Statutory Review of the Work Health and Safety Act and the associated Discussion Paper, released for public consultation by WorkSafe WA and Quantum Consulting.