{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationApprovals nowhere near housing target
Approvals nowhere near housing target
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
Send me exclusive tips, early access to new launches, and special offers. I can change my mind at any time.
By clicking Get started now you agree to the terms and conditions and privacy policy.
The Australian Bureau of Statistics today released its monthly building approvals data for December 2024 for detached houses and multi-units covering all states and territories.
“There were 15,170 residential dwellings approved in the month of December 2024, which was relatively unchanged compared to the previous month,” added Mr Tapang.
“Detached house approvals fell by 2.8 per cent in the month of December to 8,860, while multi-units increased by 6.0 per cent to 6,310.
“This brought the volume of approvals in the 2024 calendar year to 170,720, up by 3.9 per cent compared to the decade-low levels of 2023 but well below anything seen in the preceding ten years.
“Owner-occupiers and investors are returning to the market, albeit very slowly and inconsistently across the different regions and housing types.
“Detached house approvals in Western Australia, Queensland and South Australia strengthened, while New South Wales remained exceptionally weak.
“Multi-unit approvals, which include semi-detached dwellings and apartments, fell to just half of those levels seen in the mid-2010s, during the apartment boom.
“It remains a challenging environment given the higher cost of borrowing, land and building a new home. The cost of delivering new land to market also remains high, with land prices continuing to increase.
“The second quarter of the National Housing Accord saw just 45,850 dwellings approved for construction. Australia needs to build 60,000 new homes each quarter to reach the 1.2 million target.
“In order to build more homes, meet underlying demand and addressing the housing crisis, governments should help remove the barriers to increasing housing supply.
“This includes helping lower the cost of delivering shovel-ready land to market, reducing the tax imposts on new homes and investors and addressing constraints with labour supply,” concluded Mr Tapang.
“Detached house approvals in Australia increased by 7.0 per cent in the 2024 calendar year. Across the states and territories, Western Australia saw the strongest growth in house approvals, up by 41.8 per cent compared to 2023. This was followed by Queensland (+10.9 per cent), South Australia (+7.9 per cent) and Victoria (+1.5 per cent). House approvals fell the most in the Australian Capital Territory, down 24.5 per cent compared to 2023, followed by Tasmania (-11.6 per cent), the Northern Territory (-5.6 per cent) and New South Wales (-4.7 per cent).
“Multi-unit approvals increased in Western Australia, up more than double (+124.1 per cent), followed by Tasmania (+9.7 per cent), Victoria (+2.7 per cent), Queensland (+1.6 per cent) and South Australia (+0.4 per cent). Declines were recorded in the Australian Capital Territory (-58.2 per cent), followed by the Northern Territory (-19.0 per cent) and New South Wales (-5.8 per cent).
For more information please contact:
HIA welcomes new HAFF funding for low-density (class 1) projects
The Housing Industry Association (HIA) welcomes Housing Australia’s announcement of a new stream of funding under the Housing Australia Future Fund (HAFF) facility for well-located, low-density dwellings that are shovel ready.
Queensland building leader Jodie McKenna crowned HIA Building Woman of the Year
Queensland’s home building industry gathered in celebration as the 12th annual HIA Queensland Building Women Awards honoured outstanding achievement, leadership and influence, shining a spotlight on the remarkable contribution women are making to building more homes across the state.
Regional housing must be a top priority for Victoria's next Government
The Housing Industry Association (HIA) will bring together industry leaders, businesses, community representatives and policymakers in Ballarat on Tuesday for a regional housing roundtable focused on the critical role housing will play in supporting the future growth and prosperity of regional Victoria.
Preventing Pipe Failure Starts Below Ground
The HIA has been advised that due to an increase of plumbing audit inspection failures, from the 1st of September, the Office of the Technical Regulator (OTR) will be further policing non-compliance in the installation of sanitary plumbing and drainage pipework, namely the bedding of sanitary drainage pipes.