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The ABS today released its quarterly data on the population and components of change for Australia and its states and territories, covering births, deaths, and migration.
“The Intergenerational Report (IGR) in 2007 projected that Australia’s population would not reach 26.8 million until 2034/35,” added Mr Reardon.
“Underestimation of population growth is a systemic policy failure that compounds the challenge of delivering sufficient housing.
“The ABS projected the national population to reach 26.9 million by the mid-2024, a figure that had been exceeded by the time their announcement was released in November 2023.
“An investment in improving ABS data collection, especially around land and population, could have a greater impact on housing supply than other Australian government initiatives.
“State and local councils cannot be held solely accountable for under supplying homes, without clear guidance on population growth. This is not just a short-term problem emerging due to a spike in population after the pandemic.
“A core component of the Australian government’s initiatives to address the undersupply of housing, including delivering 1.2 million homes, is to invest in improving the quality of data around housing supply.
“An investment by the Australian government in improving the quality of housing data is an important component to addressing this systemic policy failure.
“This should focus on national reporting of land supply to enable performance benchmarking of local councils’ delivery of new homes.
“Good policy decisions require good data".
“Adelaide, Brisbane and Perth are seeing residential land values grow at a rapid rate, while Sydney and Melbourne’s values remain relatively stable,” stated HIA Senior Economist Matt King.
Plumbing and drainage inspections in the Huntlee and North Rothbury areas are moving from Cessnock City Council to Building Commission NSW.
The BASIX Transition period for eligible signed building contracts will end on 30 September 2024. BASIX Certificates must be generated by this date to apply the pre-1 October 2023 BASIX standards.
“As the number of new homes under construction continues to decline builders are reporting fewer difficulties scheduling skilled trades workers on their jobs, although availability of skilled workers remains worse than prior to the pandemic,” stated Geordan Murray, HIA Executive Director – Future Workforce.