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{{propApi.successMessage}} {{region}} Change locationNSW budget focus on securing housing supply welcomed by HIA
NSW budget focus on securing housing supply welcomed by HIA
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"Importantly the $500 million package includes $300 million to enable the delivery of critical infrastructure necessary to unlock more shovel ready land, with 40% of that spend targeting regional areas.
“It is particularly pleasing to see an additional $33.8 million to develop a regional housing supply pipeline supporting findings of the Regional Housing Taskforce to which HIA members contributed substantial input.
"Initiatives to accelerate planning approvals ($89 million) and rezoning of housing precincts ($73.5 million) are welcomed.
"$300 million for the upgrading and maintenance of 15,800 social housing properties and $217 million supporting First Nations families housing are vital investments in meeting the needs of these communities.
"The home ownership measures announced are to be applauded with $728.6 million to provide first home buyers with the option to pay an annual land tax instead of stamp duty on houses worth up to $1.5 million.
“While much more will need to be done to reform such an inefficient and inequitable tax, this is a critical and welcomed first step by the NSW government in reforming stamp duty.
“The shortage of skilled trades for residential construction is at record levels, so the investment of $82.7 million over 4 years in providing an additional 70,000 fee-free training spots for apprentices and trainees is positive. However more needs to be done to promote skilled trades in construction as a legitimate career path.
"Doubling of the Foreign Investor Surcharge land tax sends all the wrong messages to overseas investors and is nothing more than blatant cash grab which will act as disincentive to potential investment in NSW.
"No consideration is evident in the budget of any interim remedies or support for the significant pressures faced by businesses in our industry, unable to effectively pass on the rising costs of labour and materials.
"HIA stands ready to work with the NSW Government on developing measures to support the industry navigate this challenging period," concluded Mr Bare.
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Skilled migration information session and delegation
Workforce shortages remain one of the biggest constraints on housing delivery and we are continuing to work at all ends of the spectrum to grow and develop the WA residential construction workforce – from apprentices to skilled migrants.
Housing targets depend on more than university graduates
The Housing Industry Association (HIA) welcomes today's contribution from the Australian Chamber of Commerce and Industry (ACCI) to the national debate on education and skills, Australia needs a better balance between university and vocational education if it is to solve its housing shortage. HIA Executive Director Future Workforce Mike Hermon said today.
Closure of CSIRO fire testing facility risks Australia's housing innovation pipeline
The Housing Industry Association (HIA) has expressed deep concern over the planned closure of the CSIRO's North Ryde Fire Technology Laboratory, warning that the loss of one of Australia's most important building-product testing facilities will have significant implications for housing innovation, product development, and the delivery of new homes.
Central Coast Council delivering more with accelerated approvals
Home ownership is the bricks and mortar that has helped Australia build a stable and vibrant society, but the opportunity to own a home in Australia is a challenge.