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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.
The Victorian Premier, Jacinta Allan, has completed a Cabinet reshuffle following the resignation of the long serving Treasurer, Tim Pallas.
“Today’s announcement of a $1 billion investment towards crisis, temporary accommodation and transitional housing forms an important part of the housing mix and recognises the need for targeted measures to support increasing supply of all forms of housing,” stated Jocelyn Martin, HIA Managing Director.
Notice of Annual Regional Meeting of Members of North Queensland Region
Over the coming months, SafeWork NSW inspectors will be speaking with principal contractors, site supervisors and health and safety representative (HSRs) to ensure they have effective systems in place to manage psychosocial hazards and risks.