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The ABS today released its Building Activity data for the September quarter 2025. This data provides estimates of the value of building work and number of dwellings commenced, completed and under construction across Australia and its states and territories.
“Dwelling commencements in the 12 months to September 2025 increased by 11.2 per cent compared to the previous year to 184,460,” added Mr Tapang.
“The volume of home commencements remains below the 240,000 new homes per annum needed to build to the Australian Government’s target of 1.2 million homes over five years. They also remain below the average volume commenced over the past decade.
“These are positive signs that confirm our expectation that the number of homes commencing construction will see steady, not explosive, growth over the next couple of years.
“This growth is expected to come from a resurgence in apartment construction. Apartment construction remains well below the volume commencing construction a decade ago and is one of the of keys to increasing supply.
“In order to increase the supply of homes, governments need to help lower the cost of delivering new homes to market.
“Demand is not the challenge. Delivery is. Land supply, infrastructure timing, planning bottlenecks and workforce capacity will shape the 2026 experience more than interest rates.,” concluded Mr Tapang.
The following is a joint statement from the Housing Industry Association, Master Builders Australia, Property Council and the Real Estate Institute of Australia.
Qaive and Tulipwood Economics have been commissioned by Master Builders Australia, the Housing Industry Association, the Property Council of Australia and the Real Estate Institute of Australia to investigate the economic outcomes of a set of potential alterations to housing taxation policy settings.
“New home sales fell by 20.3 per cent in February but remain 27.3 per cent higher than in the same quarter last year,” stated HIA Senior Economist Maurice Tapang.
The Housing Industry Association (HIA) has welcomed the announcement by WA Premier Roger Cook at today’s HIA State of the Nation breakfast, confirming continued investment in apprentices through the Group Training Organisation (GTO) Wage Subsidy Program.