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{{propApi.successMessage}} {{region}} Change locationSlow start on signature housing target
Slow start on signature housing target
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The ABS today released its building activity data for the September quarter 2024. This data provides estimates of the value of building work and number of dwellings commenced, completed and under construction across Australia and its states and territories.
“Based on the current trajectory, only 173,000 homes will be commenced during the first year of the National Housing Accord period, 67,000 short of that necessary to meet the annual targets,” added Mr Devitt.
“In the face of decades of a structural undersupply of housing, at the beginning of 2022, the Federal Government decided to play a more prominent role in the housing conundrum.
“The present Government has set about an active collaboration with all levels of government and industry to boost overall housing supply by committing to delivering 1.2 million new well-located homes over five years (July 2024 to June 2029).
“There were also just 44,880 new homes completed in the quarter, once again, well short of the desired 60,000 per quarter.
“The September quarter result is less than three quarters of the required build rate. This is simply too slow out of the blocks.
“Higher density housing development is running at its lowest levels in over a decade and has been particularly constrained under the weight of uncertainty in tax settings, skilled labour shortages and regulatory imposts.
“A significant pick-up in multi-unit starts is urgently required to meet the housing demand of recently elevated net overseas migration. This market segment is crucial to making inroads on housing affordability and improving home ownership rates for first home buyers.
“At a minimum, it is necessary for the volume of multi-unit starts to double from current levels to contribute sufficiently to the 240,000 homes per year needed to achieve the Government’s housing target.
“While this week Housing Australia have reported that the Home Guarantee Scheme has helped more than 200,000 eligible home buyers into homeowners since its inception, clearly more needs to be done to increase housing supply.
“HIA’s pre-budget submission, due to be released at the end of this month, will offer Government practical solutions to addressing this shortfall in activity. We can only make housing a priority if we have the right settings in place that will reduce the barriers to home ownership,” concluded Mr Devitt.
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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.