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{{propApi.successMessage}} {{region}} Change locationDemand for housing continues to outpace supply
Demand for housing continues to outpace supply
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The ABS today released its national, state and territory population data for the March quarter 2025, covering births, deaths and migration.
“Australia took in a net inflow of 110,060 overseas migrants in the first quarter of the year, bringing the net inflow for the last 12 months to a total of 315,920,” added Mr Reardon.
“While this represents a continued moderation from earlier inflows, it is still well above the pre-pandemic decade average of less than 220,000.
“Moreover, leading indicators have been suggesting that Australian population growth, on the back of overseas migration, is likely to remain elevated compared to historical averages.
“The home building industry in Australia needs stable and reliable population settings, not the bust and boom settings seen over the last five years.
“HIA supports a managed migration system that delivers adequate skilled migrants in construction and building professions and trades to meet Australia’s ongoing housing needs.
“Volatile migration flows lead to undesirable economic, social and business outcomes.
“The Australian government creates housing demand through immigration, while state and local governments are responsible for housing supply and the price of homes reflects their ability to work cooperatively.
“The goal of stable and reliable migration pathways has not been balanced with the removal of restrictions on new home building necessary to meet demand.
“The Australian government’s Home Guarantee Scheme to help first home buyers into the market, and the streamlining of state planning systems, are welcome steps in the right direction.
“With time, more supply will be delivered as a result of recent policy announcements,” concluded Mr Reardon.
Several states and territories are now above their pre-pandemic decade population trajectories, led by Western Australia (+142,300) and Queensland (+137,060), particularly impressive for Western Australia with just half the total population of Queensland.
This is followed by South Australia (+47,520), Tasmania (+15,060), the Australian Capital Territory (+4,850) and the Northern Territory (+2,600). New South Wales (-66,640) and Victoria (-198,510) are still below their pre-pandemic decade population trajectories.
Permanent & Long Term Arrivals vs Net Overseas Migration
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Land prices a roadblock to 1.2 million homes target
“The median price of residential land sold nationally jumped by 6.8 per cent over the 2024/25 financial year, more than three times faster than consumer price inflation over the same period,” stated HIA Chief Economist Tim Reardon.
Time to stop playing politics and fast track overdue EPBC reforms
“The Housing Industry Association (HIA) is calling on all parties to park the games and fast track the delivery of the long overdue EPBC reforms by the end of this year,“ HIA Managing Director, Jocelyn Martin said today.
Audit must not slow delivery of new homes under HAFF
The Housing Industry Association (HIA) welcomes the announcement of an audit into the Housing Australia Future Fund (HAFF) but cautioned that the review should not delay or derail the urgent task of increasing Australia’s housing supply, HIA Managing Director Jocelyn Martin said today.
Rezoning paves the way for Gosford City Centre transformation
“The announcement that the NSW Government will fast-track a major rezoning of Gosford City Centre, unlocking 1,900 new homes across 283 hectares, provides an exciting opportunity for the Central Coast,” commented HIA Hunter Executive Director, Craig Jennion.