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Detached house approvals rose 11.9 per cent in 2025/26 to 2,488. Multi-unit approvals more than doubled, up 111.1 per cent to 247.
“These are encouraging numbers, but they’re rising off a low base,” said HIA Executive Director Tasmania, Benjamin Price.
“The lift in multi-unit approvals looks big in percentage terms because we started from so few. In real numbers we’re still nowhere near what we need to see supply meet demand.”
The June quarter was a genuine bright spot. Detached approvals rose 22.4 per cent over the quarter to 672, which is 46.4 per cent higher than the same quarter a year earlier.
“A strong quarter tells us the industry can respond when the conditions are right. Much of this has emerged likely thanks to momentum with interest rate cuts last year, turning up in Building Approvals data in early-to-mid 2026,” Mr Price said.
“The task now is turning approvals into homes people can actually live in. Approvals are the first step, not the finish line, and commencements still have ground to make up.”
HIA continues to call for planning reform and infrastructure investment to keep the pipeline moving.
“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.