{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationHome building will keep growing in WA, despite the rise in taxation
Home building will keep growing in WA, despite the rise in taxation
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
Send me exclusive tips, early access to new launches, and special offers. I can change my mind at any time.
By clicking Get started now you agree to the terms and conditions and privacy policy.
HIA recently released its Economic and Industry Outlook report. The report includes updated forecasts for new home building and renovations activity nationally and for each of the eight jurisdictions.
“Western Australia enters this cyclical downturn in home values with one of the stronger economic and housing market positions nationally,” added Mr McGowan.
“Population growth remains elevated and employment conditions robust and with time, they will outweigh the loss of confidence that has emerged since the Budget.
“These structural factors, combined with an acute shortage of housing stock, will ensure that the current decline in established home prices is short and shallow.
“We anticipate that home prices will rise before the end of the year, this will see demand for new homes return quickly in the new year, without disrupting the supply of new homes in Western Australia.
“Outside of Perth the pent-up demand for homes remains acute and the volume of home building will continue to increase.
“The strong employment conditions in Western Australia are both a source of demand for housing and a source of price increases to the cost of home building.
“Home building remains constrained partly due to access to labour.
“The slow processing of visa applications for overseas skilled labour remains a capacity constraint of the volume of new homes that can commence construction.
“If the cost of constructing new homes continues to rise faster than the price of established homes, demand for new homes will slow.
“The need to reduce the cost of serviced land is another key element necessary to increasing the supply of homes in Western Australia.
“Renovations activity in Western Australia also remains at a very high level. The rise in established home prices over the past five years have, and will continue, to support a strong preference for owner occupiers to renovate their principal place of residence.
“Western Australia is not waiting for a return to rising home prices to see the volume of building work grow.
“There is a significant buffer of home building still in the pipeline and ongoing employment growth that will ensure that Western Australia is protected from the cyclical shock to established home prices.
“The result is likely to be an extended period of elevated home building rather than another rapid increase in commencements,” concluded Mr McGowan.
To purchase our HIA State and National Outlooks
HIA Forecasts - WA
For more information please contact:
Home building will keep growing in WA, despite the rise in taxation
“HIA forecasts the volume of homes to continue to increase in WA despite higher taxes and restrictions on labour force mobility imposed by the Australian government,” stated HIA Executive Director – WA, Michael McGowan.
Data centre debate exposes Tasmania's broken planning conversation
The Housing Industry Association says the sudden appetite for independent assessment of AI data centre proposals is the clearest sign yet that Tasmania's planning reform debate is not being conducted on the merits.
Regional Tasmanian housing affordability at record low
Housing affordability in regional Tasmania has fallen to its lowest level on record, according to the HIA Affordability Report released today.
Avoid the costly mistake of non-compliant vapour barriers
It has come to our attention that non-compliant materials for the use of concrete underlay have been making their way to some SA building sites.