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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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Detached house approvals picking up
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
State Budget is a missed opportunity to stimulate housing
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
HIA supports bipartisan approach to planning reform NSW
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
Opposition pledge to remove stamp duty for first home buyers welcomed (Vic)
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.