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{{propApi.successMessage}} {{region}} Change locationWA continues new home growth with double digit sales increase
WA continues new home growth with double digit sales increase
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The HIA New Home Sales report is a monthly survey of the largest volume home builders in the five largest states and is a leading indicator of future detached home construction.
“A 14.6% month on month increase in new home sales in May is primarily down to WA’s continued population growth and the current state of the established housing and rental market,” said Mr McGowan.
“The lack of established housing availability is driving people to make the decision to build their own new home.
“The housing industry is no different to any other industry in that consistency is the key to delivering housing supply. We are now seeing that consistency and the month-on-month growth is important as we head towards building 20,000 homes per year.
“While the industry in WA has had its challenges over the last three years, the reality is we are now delivering 50 per cent more houses than we were pre-pandemic,” said Mr McGowan.
“As an industry we want to deliver a consistent supply of homes, and we want to build more homes for Western Australian’s. To do that we need consistent sales volumes and to attract more skilled workers from interstate and overseas to compliment the strong local contingent of apprentices that are currently in training.
“The State Government must continue to keep the pressure on the Federal Government to support WA in attracting more workers.
“Without more houses in the metro and regional areas, large infrastructure and resources projects are at risk.
“The growth corridors continue to be popular with consumers and investors with strong interest in Golden Bay, Southern River and Mandogalup,” said Mr McGowan.
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Land prices a roadblock to 1.2 million homes target
“The median price of residential land sold nationally jumped by 6.8 per cent over the 2024/25 financial year, more than three times faster than consumer price inflation over the same period,” stated HIA Chief Economist Tim Reardon.
Time to stop playing politics and fast track overdue EPBC reforms
“The Housing Industry Association (HIA) is calling on all parties to park the games and fast track the delivery of the long overdue EPBC reforms by the end of this year,“ HIA Managing Director, Jocelyn Martin said today.
Audit must not slow delivery of new homes under HAFF
The Housing Industry Association (HIA) welcomes the announcement of an audit into the Housing Australia Future Fund (HAFF) but cautioned that the review should not delay or derail the urgent task of increasing Australia’s housing supply, HIA Managing Director Jocelyn Martin said today.
Rezoning paves the way for Gosford City Centre transformation
“The announcement that the NSW Government will fast-track a major rezoning of Gosford City Centre, unlocking 1,900 new homes across 283 hectares, provides an exciting opportunity for the Central Coast,” commented HIA Hunter Executive Director, Craig Jennion.