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HIA called for the expansion of the Victorian Homebuyer Fund as part of our State Election Imperatives.
HIA’s Victorian Executive Director, Fiona Nield said she was delighted that the state government has listened to HIA and taken this step to address the rapidly rising house prices and interest rates Victorian homebuyers are now facing.
“Shared equity is an effective way to help people into home ownership sooner. The scheme help buyers who despite being able to service the loan cannot obtain finance for the full cost of a home,” said Ms Nield.
“Over the past two decades the rate of home ownership has declined across the country. Critically, home ownership among households aged 25-29 has dropped from 43 to 37 per cent over the past decade.
“Today’s announcement will provide a major boost to Victorian homebuyers, particularly first homebuyers who have received the most assistance from the Victorian Homebuyer Fund.”
Research commissioned by HIA shows that 75 per cent of Australians believe we should be able to own our own home, while 85 per cent of renting households aspire to own their own home – yet only 42 per cent of these households now believe they will achieve it.
Read HIA’s State Election Imperatives 2022.
The Housing Industry Association (HIA) has welcomed the Tasmanian Government’s move to crack down on copper and scrap metal theft, warning that construction site theft is adding to the risk that insurers are pricing into premiums for Tasmanian builders.
The Housing Industry Association (HIA) welcomes the Queensland Government’s continued investment in enabling infrastructure through Round 2 of the $2 billion Residential Activation Fund, but the funding must be tightly targeted to ensure it genuinely delivers new housing supply,” HIA Executive Director Queensland, Michael Roberts, said today.
The Housing Industry Association (HIA) will be sending a simple message to the inquiry into Capital Gains Tax (CGT) on residential property when it appears before the Select Committee on the Operation of the Capital Gains Tax Discount tomorrow – if you tax something more, you will get less of it.
The Housing Industry Association (HIA) has today welcomed the Tasmanian Government’s finalisation of the Building Amendment Bill 2026, ahead of its imminent introduction to Parliament. The Bill will formally pause further implementation of new National Construction Code (NCC) requirements in Tasmania.