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The Australian Bureau of Statistics today released its monthly building approvals data for June 2026 for detached houses and multi-units covering all states and territories.
“Detached house approvals increased by 1.1 per cent in June 2026 to 10,870, while multi-units increased by 17.7 per cent to 7,460,” added Mr Reardon.
“This brought the total volume of detached houses approved in the 2025/26 financial year to 121,140, which is 7.0 per cent higher compared to the previous year. Multi-unit approvals in 2025/26 increased by 10.5 per cent to 83,510.
“There are long lags between changes in market conditions and building approvals. The impact of rising interest rates, global conflict and tax increases are unlikely to be observed in approvals data until late this year.
“While leading indicators of confidence have deteriorated since the Budget, and investors are expected to withdraw from the new home building market, this won’t impact approvals for some months yet.
“Detached housing approvals continue to trend up, as the underlying demand for housing exceeds supply.
“Nonetheless, with housing affordability at its worst levels in over 30 years, it is more important than ever that policymakers support housing investment and development by reducing the costs of home building, not increasing them,” concluded Mr Reardon.
In seasonally adjusted terms, Western Australia saw the largest increase in detached housing approvals in 2025/26, to be 11.0 per cent higher compared to the previous financial year. This was followed by New South Wales (+10.5 per cent), Queensland (+8.6 per cent) and Victoria (+3.2 per cent). South Australia recorded a 1.5 per cent decline over the same period. In original terms, detached housing approvals increased by 14.5 per cent in the Australian Capital Territory, followed by the Northern Territory (+14.4 per cent) and Tasmania (+11.9 per cent).
Multi-unit approvals in seasonally adjusted terms increased by 49.6 per cent in Queensland in 2025/26, followed by South Australia (+19.8 per cent), Western Australia (+11.2 per cent) and New South Wales (+2.4 per cent). Victoria recorded a 9.0 per cent decline in multi-unit approvals over the same period. In original terms, Tasmania recorded a more than doubling in multi-unit approvals in 2025/26 (+111.1 per cent), followed by the Australian Capital Territory (+51.0 per cent) and the Northern Territory (+39.4 per cent).
“The Housing Industry Association supports allowing self-managed superannuation funds to continue using Limited Recourse Borrowing Arrangements to finance the construction of new homes while the impact of the Government’s prohibition is properly assessed,” said HIA Chief Economist, Tim Reardon.
The Housing Industry Association (HIA) has received reports from members regarding an increase in theft at building sites, particularly within new residential developments. While copper theft has been an ongoing concern for some time, recent incidents indicate that offenders are targeting more than just cabling.
The Victorian government has commenced a consultation process on draft regulations and released a regulatory impact statement on the proposed new deposit and progress payment requirements for home building contracts.
The Housing Industry Association (HIA) is calling on the Victorian Government to withdraw its proposal to require employers to obtain a licence before engaging apprentices, warning the scheme will add red tape, increase costs and reduce apprenticeship opportunities at a time of severe skills shortages.