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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.
WorkSafe Victoria is continuing its blitz against builders who do not have adequate management and control procedures in place to address the risks of falls from heights.
Last year the Victorian government made changes to the Building and Construction Industry Security of Payment Act 2002 (SOP Act), with some of those changes to start from 15 April 2026.
Outdated subdivision and minimum lot size controls are preventing Tasmania from delivering the homes it needs, according to a new Housing Industry Association report.
“The knowledge that there will be good employment prospects at the completion of training, provides piece of mind for today’s up and coming tradies,” said HIA Executive Director Future Workforce, Mike Hermon.