{{ propApi.closeIcon }}
Our industry
Our industry $vuetify.icons.faArrowRight
Economic research and forecasting Economics Housing outlook Tailored market research Economic reports and data Inspiring Australia's building professionals HOUSING The only place to get your industry news Media releases Member alerts Submissions See all
Business support
Business support $vuetify.icons.faArrowRight
Become an apprentice host Hire an apprentice Why host a HIA apprentice? Apprentice partner program Builder and manufacturer program Industry insurance Construction legal expenses insurance Construction works insurance Home warranty insurance Tradies and tool insurance Planning and safety services Building and planning services How can HIA Safety help you? Independent site inspections Solutions for your business Contracts Online HIA Tradepass HIA SafeScan HR Docs Trusted legal support Legal advice and guidance Professional services Industrial relations
Resources & advice
Resources & advice $vuetify.icons.faArrowRight
Building it right Building codes Australian standards Getting it right on site See all Building materials and products Concrete, bricks and walls Getting products approved Use the right products for the job See all Managing your business Dealing with contracts Handling disputes Managing your employees See all Managing your safety Falls from heights Safety rules Working with silica See all Building your business Growing your business Maintaining your business See all Other subjects COVID-19 Getting approval to build Sustainable homes
Careers & learning
Careers & learning $vuetify.icons.faArrowRight
A rewarding career Become an apprentice Apprenticeships on offer Hear what our apprentices say Advice for parents and guardians Study with us Find a course Get your builder's licence Learn with HIA
HIA community
HIA community $vuetify.icons.faArrowRight
Join HIA Sign me up How do I become a member? What's in it for me? Get involved Become an award judge Join a committee Partner with us Get to know us Our members Our people Our partners Mates rates What we do Mental health program Charitable Foundation GreenSmart
Awards & events
Awards & events $vuetify.icons.faArrowRight
Awards Australian Housing Awards Awards program National Conference Industry networking Events Building and Renovation Home Show
HIA products
HIA products $vuetify.icons.faArrowRight
Shop @ HIA Digital Australian Standards Contracts Online Shipping and delivery Purchasing terms & conditions Products Building codes and standards Hard copy contracts Guides and manuals Safety and signage See all
About Contact Newsroom
$vuetify.icons.faMapMarker Set my location Use the field below to update your location
Change location
{{propApi.text}} {{region}} Change location
{{propApi.successMessage}} {{region}} Change location

$vuetify.icons.faPhone1300 650 620

NSW budget focus on securing housing supply welcomed by HIA

Media release

NSW budget focus on securing housing supply welcomed by HIA

Media release
“Today’s budget demonstrates a clear commitment and acknowledgement by the NSW Government that improving housing supply is the best means of improving affordability in the state," said David Bare HIA Executive Director NSW.

"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.

For more information:

David Bare

Regional Executive Director - NSW
Latest articles
View all news $vuetify.icons.faArrowRight
28 Jun
Workers are still leaving Sydney and Melbourne and heading north

"A slow return of overseas migration is easing the adverse impact of a loss of workers from Australia’s two largest states,” stated Tim Reardon, HIA’s Chief Economist.

23 Jun
COVID-19 vaccination requirements to be lifted

The Victorian Government has announced a further lifting of COVID-19 restrictions in relation to vaccination requirements.

21 Jun
Certificate of Occupancy for houses suspended until 2024

The Certificate of Occupancy requirements for Class 1 buildings were suspended on 16 December 2021 to run until 30 June 2022.

21 Jun
Using a cost plus contract in Tasmania

This infosheet provides an overview of what cost plus contracts are, how they are used and how to avoid common issues. HIA has a Tasmania Cost Plus Contract for sale available for purchase through Contracts Online.