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{{propApi.successMessage}} {{region}} Change locationMajor policy reform needed to loosen the shackles on housing supply (NSW)
Major policy reform needed to loosen the shackles on housing supply (NSW)
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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.
“While January 2025 produced an encouraging bounce in new home sales - it is a rise off a very low base,” added Mr Armitage.
“New home sales in New South Wales in the three months to January 2025 were up by 17.7 per cent compared to the previous three-month period, however compared with the corresponding three-month period in 2020 they were down 38 per cent.
“Detached house building approvals in New South Wales fell by 4.8 per cent in the 2024 calendar year. Low levels of new home sales and weak approvals do not bode well for housing starts in the states in 2025.
“On current trajectory, NSW will fall short of its National Housing Accord 5-year target by approximately 124,000 homes. That would be a tragedy to say the least.
“HIA members and the broader industry are ready to deliver the number of homes we need over 2024-2029, but they are constrained by insufficient Greenfield land supply, excessive new home building taxation, a costly and inefficient planning system and poor policy decisions.
“For example, Friday's announcement on stage 2 of the low- to mid-rise policy (dual occupancies around transport and town centres), was a scaling back of what was initially announced. Only 171 sites are earmarked for this kind of development and only up to an 800-metre radius. This is a missed opportunity to build more homes.
“If we don't pull out all stops on the rollout of widespread low- to mid-rise housing, new home building activity and housing affordability will struggle to escape the present quagmire,” concluded Mr Armitage.
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HIA welcomes Building Ministers concrete actions on building code reform
“The Housing Industry Association (HIA) welcomes commitments made today by Commonwealth, State and Territory Building Ministers in providing decisive action to pause non-essential building code changes and to reset how the NCC is developed and implemented going forward,” said HIA Managing Director Jocelyn Martin.
HIA Welcomes Building Minsters Concrete Actions on Building Code Reform
“The Housing Industry Association (HIA) welcomes commitments made today by Commonwealth and State and Territory Building Minsters in providing decisive action to pause non-essential building code changes and to reset how the NCC is developed and implemented going forward” said HIA Managing Director Jocelyn Martin.
Trades availability tightens as work increases
“The availability of skilled tradespeople has worsened across Australia as home building pipelines expand again,” stated HIA Senior Economist, Tom Devitt.
Revised methodology for the Australian Apprenticeship Priority List
HIA provided comments on the revised methodology for the Australian Apprenticeship Priority List. The Australian Apprenticeship Priority List (AAPL) is an important tool to enable government and industry to focus and prioritise those industries most in need of assistance.