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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.
A reminder that SafeWork and Building Commission NSW are on the ground visiting residential construction sites every day to check safety and compliance.
Opening statement by HIA Chief Executive Industry & Policy, Simon Croft
The Housing Industry Association (HIA) has called on the ACT Government to use the 2026/27 Budget to reset the Territory’s approach to housing supply, land release and business competitiveness, warning that current policy settings are constraining new home building and worsening affordability and forcing more home owners and businesses to look over the border to NSW to call home.
HIA provided the 2026-27 Budget submission with key objectives and recommendations to the ACT Treasury.