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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.
The Housing Industry Association (HIA) has today expressed concern that the Tasmanian Government appears to have walked away from a key election commitment to accelerate the finalisation of Regional Land Use Strategies.
The Victorian Government’s proposed Building Electrification Regulations are scheduled to commence on 1 January 2027. These regulations will require all new residential and most new commercial buildings to be built as all-electric, and in existing residential buildings an existing gas hot water systems (HWS) will be required to be replaced with electric HWS at end-of-life.
Notice is hereby given that the Annual Regional Meeting of Members of the Victoria Region of Housing Industry Association Limited will be held on Monday 16 February 2026 at HIA Cremorne Office – Level 1, 8 Gwynne Street, Cremorne, Victoria, 3121 commencing at 5.00pm.
The Victorian government has released today, on the stroke of Christmas for public consultation the draft regulations implementing parts of the Building Legislation Amendment (Buyer Protections) Act.