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
The ABS released the Lending to Households and Businesses data for June 2023 today, as well as the same month’s building approvals data for detached houses and multi-units covering all states and territories.
“When the RBA first increased the cash rate there was a record volume of houses under construction, and a record volume of new houses approved, but not commenced. This large volume of work in the pipeline has obscured the adverse impact of rising rates on the wider economy,” added Mr Reardon.
“Compounding the rise in the cash rate, increased government regulatory costs, rising land prices and construction costs are further impeding an increase in the supply of new homes.
“This lack of new work entering the pipeline threatens to worsen the affordability crisis.
“Australia has a structural undersupply of housing, with rental vacancy rates around the country at record lows, driving rents and dwelling prices to new heights.
“The return of overseas workers and students, without an equivalent boost to housing supply, will exacerbate the situation.
“The only solution to addressing this crisis is to increase the supply of new housing.
“Against the headwinds of rising interest rates, governments need to respond by reducing the tax on housing, attract more investment, improve the supply of land for greenfield and brownfield projects and invest in new public housing stock.
“At its core, the shortage of housing is caused by a lack of investment. Investors are crucial to delivering new housing supply, especially in the increasingly important apartment sector. Despite this, governments and regulators have squeezed investors, especially foreign investors, out of the market with lending restrictions, fees and tax surcharges.
“Increased investment is also required from owner occupiers and from government.
“With the volume of houses commencing construction expected to reach decade lows in 2024, this is the ideal time for governments to invest in public housing stock. During down cycles, government will get a better return on their investment and help maintain the skill base in the industry that will be required in future years.
“Governments cannot resolve this shortage of housing stock by increasing or imposing more taxes on housing,” concluded Mr Reardon.
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.