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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.
SA Treasurer Tom Koutsantonis has delivered the State Budget 2026-27 to parliament. I attended the budget lockdown and briefing ahead of his reading.
The Housing Industry Association (HIA) has welcomed the ACT Government’s latest land release program, but says the real test will be whether these commitments translate into shovel-ready land and homes delivered sooner.
First Resort Home Warranty Scheme premium announcement
The Housing Industry Association (HIA) is calling on the Tasmanian Government to reaffirm its commitment to introduce Development Assessment Panels (DAPs) policy, following statements from the Minister for Housing and Planning at yesterday’s Budget Estimates hearings.