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In February 2022, the Victorian Building Authority had announced building registration fee rises of up to 200% for companies and 40% for individuals – effective from this week.
“The decision by the Victorian Government to withdraw the planning reforms when it decided to not go ahead with the social housing tax was disappointing. The planning reforms had the potential to not only remove unnecessary regulatory burdens in the planning process but improve the affordability of homes,” said HIA’s Victorian Executive Director, Fiona Nield.
”The building registration fee increases also placed further cost pressures on builders and their customers at a time when home buyers face significant uncertainty over rising interest rates, and builders continue to manage pressures on material supplies and labour costs.
“In Victoria, 38% of the cost of building a new home is made up taxes and regulatory charges.
“The delays in introducing long overdue planning reforms and the ill-timed and inappropriate imposition of additional taxes, fees and charges on the residential building industry would seriously damage housing affordability and place additional pressure on the housing industry.
“Under the current operating environment Victorian home builders are already operating on razor thin margins and are working hard to deliver for their customers. The year ahead will continue to present major financial challenges and these changes would offer valuable relief to many.
“Continued delays and unnecessary expenses in the planning process and further cost burdens only make this situation worse and the announcement from the Opposition today that it would introduce the planning reforms and repeal the fee increases is sensible and positive,” Ms Nield said.
This checklist provides a summary of some of the information and details you should seek from a contractor when engaging their services. Some of these may be legally required, whereas others are a commercial decision for your business.
HIA is deeply saddened by the loss of housing industry leader Mario Biasin
Learn about all of the various contract documents you can use INS to be compliant.
The Liberal Party’s announcement today that if re-elected they will allow Australians to access up to $50,000 from their superannuation to fund a deposit to help them buy their first home is a welcome one, and an initiative that HIA has championed.