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“Today’s decision will be welcomed by many, including many aspiring homeowners who, with renewed confidence, will re-enter the market and build their own home,” added Mr Reardon.
“While today’s decision could act as a catalyst for more on-the-ground home building activity, it will not be sufficient to achieve the Australian government’s target of 1.2 million homes over five years.
“Even with the ongoing expectation of cuts later in the year, there are far more important structural reforms required of policymakers for Australia to address its housing crisis.
“Up to half the cost of a house and land package in Australia is because of government taxes, costs and restrictions.
“Tax reform must address the burden of stamp duty on aspiring homeowners and the punitive surcharges imposed on the very investors needed to address Australia’s rental crisis.
“Shovel-ready land and associated infrastructure, especially transport and utilities, need to be brought to market faster.
“Planning frameworks need to be more accommodative of higher density housing and approvals processes need to be streamlined and simplified.
“Crucially, Australia needs the workforce to build 1.2 million homes over five years. HIA estimates this will require an extra 83,000 workers in key construction trades – a 30 per cent boost on the current workforce.
“The skilled migration system needs to be simplified and fit-for-purpose and there needs to be an ongoing domestic workforce development plan that supports apprentices, the public and private organisations that train them, and the businesses that supervise and provide on-site experience for them.
“Failure to address these constraints on home building will not only fail to address Australia’s housing crisis but also act as a major drag on economic growth, productivity and living standards,” concluded Mr Reardon.
HIA is calling on the Federal Government to act urgently to support Australia’s building product manufacturers and suppliers, an industry worth more than $130 billion and critical to the delivery of new housing across the country,” HIA Managing Director, Jocelyn Martin said today.
With the delay to decisions on the content of NCC 2025, the ABCB has published a further amendment to the current NCC 2022 which applies from 29 July 2025. The purpose of this minor amendment is to align the NCC with recent changes to the Premises Standards which apply to Class 3 to 9 public buildings, common areas of Class 2 apartment buildings and short-term accommodation
“HIA alongside a group of construction leaders and Standards Australia came together today at Parliament House, to present a united front in getting easier access to Australian Standards in the hands of those who need them most,” said HIA Managing Director, Jocelyn Martin.
HIA has made a comprehensive suite of submissions to the Productivity Commission ahead of the upcoming Treasurer’s Economic Reform Roundtable on 19-21 August.