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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.
For more information please contact:
WA Cost Plus Contract Update: What Members Need to Know
The WA Cost Plus Contract has been updated to improve clarity, accuracy and usability for builders. Changes include revised contract schedule items, updated document references and a new clause covering contract interpretation and document precedence.
OHS Regulations review – proposals for construction, falls and infringement provisions
HIA provided additional feedback regarding the SRG proposal papers for construction, falls and infringement offences.
2026-27 HIA SA Pre-Budget Submission
The Housing Industry Association (HIA) makes the following submission to the Treasurer and the Department of Treasury to inform deliberations ahead of the 2026-27 South Australian Budget.
Budget in Reply signals strong focus on productivity, investment and housing supply
“The Housing Industry Association (HIA) welcomes the ambition of the Coalition’s Budget in Reply handed down tonight, including measures that support business investment, improve productivity and boost housing supply,” said HIA Managing Director Jocelyn Martin.