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“To assist in this the Housing Industry Association (HIA) has released an assessment of housing policy announcements over the past two years and determined that South Australia, closely followed by Western Australia, have been the best at understanding the problem and initiating actions to improve the supply of homes.
“Despite these steps forward, neither South Australia nor Western Australia are on track to build the number of homes required to meet their contribution to deliver on the governments’ 1.2 million homes target,” said Mr King.
The HIA Housing Policy Scoreboard benchmarks each state and territory according to ten critical housing supply policies/mechanisms that are advantageous to the promotion of accelerated housing supply and ability to deliver against the National Housing Accord.
“South Australia and Western Australia both received scores significantly higher rankings, with decisive planning reforms, streamlined development approvals, and a strong focus on land release.
“At the other end of the spectrum ACT scored 4/10 and Northern Territory just 5/10 with their housing supply systems falling well short.
“This Report highlights the need for comprehensive policy reforms across planning and zoning, financial settings, taxation and skills development.
“Planning approvals need to be quicker in order to reduce the price of shovel ready land. The administrative processes required to bring land to market add significantly to the cost of a new house and land package, and new apartments,” concluded Mr King.
“Australia’s population reached 27.4 million by the end of 2024, up by 445,900 people, or 1.7 per cent for the year,” stated HIA Senior Economist, Tom Devitt.
The Tasmanian election that no-one wanted to have is in full swing, and while the limited campaign period is unlikely to provide the usual platform to promote key policies and reforms, HIA is calling on both major parties to prioritise housing policies given the significant challenges across the state.
“Our dated and complex planning system is littered with speed bumps that could easily be removed”, said Brad Armitage, HIA NSW Executive Director.
“The Victorian government’s proposal to update home building contract laws to make them fit for use in the 21st century is welcomed by HIA,” stated HIA Executive Director, Keith Ryan.