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{{propApi.successMessage}} {{region}} Change locationVictoria no longer a leader in home building
Victoria no longer a leader in home building
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HIA’s Housing Scorecard benchmarks contemporary levels of activity in each state and territory against long term averages across indicators of home building and renovations activity, lending data and population flows.
“Victoria sits in fourth place in the rankings, while the smaller jurisdictions – Queensland, Western Australia and South Australia – race ahead,” added Mr Ryan.
“Inadequate release of new greenfield and infill land for home building has resulted in Victoria having some of the most expensive residential land in the country.
“Surging land, labour, finance, regulatory and tax imposts have combined to see the construction of new housing in Victoria plummet to decade lows, while smaller states have already begun to recover.
“People are starting to return to Victoria post-pandemic, and record inflows of overseas migrants and students continue. This should continue to generate underlying demand for new housing.
“Exceptionally low unemployment rates and stable interest rates have also helped sustain the key dynamics necessary for strong demand for new home building.
“Ideally, these conditions next year should lead to an increase in demand for home building work. The challenge for Victoria is that regulatory settings may not allow the home building industry to meet this demand.
“It will increasingly be state government policies that will determine the strength of home building over the short to medium term.
“Just as state and local government policies set the limit to the floor in this cycle, the upside potential for Australia’s home building markets will also be determined by the same policy decisions.
“States that can offer sensible and fair regulatory settings, competitive taxes, employment opportunities and more affordable residential land will see a stronger outlook for home building activity in coming years.
“On the flipside, punitive taxes and misguided regulations will only compound the costs and constraints that weigh on the industry, delaying growth and making it even more difficult to attract consumers back to the market,” concluded Mr Ryan.
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New rules add thousands to the cost of a new home as Tasmania falls years behind on housing
From today, every new home built in Tasmania must meet the full Livable Housing Design requirements. The Housing Industry Association says this adds thousands of dollars to the cost of building a home, at a time when Tasmanians can least afford it.
Rules for managing the risk of falls have changed - are you up to date?
Changes to Western Australia's requirements for managing the risks of falls will commence on 1 October 2026, introducing new expectations for builders, contractors and workers undertaking tasks where there is a risk of falling.
Livable Housing Design: final stage now in force
As of today, 1 October 2026, all new building work in Tasmania, unless exempt, must comply with all requirements of Part H8 Livable Housing Design of NCC Volume Two.
ACT housing approvals slump puts 2030 target under pressure
“The ACT’s housing supply pipeline is weakening, with building approvals in the three months to August halving compared with a year earlier,” said HIA Executive Director ACT and Southern NSW, Geordan Murray.