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{{propApi.successMessage}} {{region}} Change locationStable migration settings crucial to boosting building activity: HIA
Stable migration settings crucial to boosting building activity: HIA
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“A strong building industry is a crucial driver of a strong economy. It creates jobs, trains apprentices, drives wider economic growth and builds communities,” said Jocelyn Martin, Deputy Managing Director – Industry and Policy.
“The building industry employs one in ten Australians and had helped pull the national economy out of its first recession in nearly 30 years.
“Today’s building activity figures confirm the market is still strong but will start trending downwards in 2023.
“Over the past two years the industry has had a roller coaster ride along with the rest of the economy. From activity stalling at the start of the pandemic, to the biggest boom on record, building activity is set to contract again during 2023 due to the rapid increase in interest rates.
“Australia’s population is ageing, and we have an acute shortage of skilled trades, also the downturn in migration has meant that the population needed to stimulate supply of housing has dropped.
“An ageing population means natural increases in Australia’s population continue to be well below a replacement or growth figure, meaning migration is critical and make up the shortfall.
“A return to stable population growth, with a focus on attracting skilled workers creates economic growth and can facilitate an improvement in productivity and participation across the economy.
“Population growth should not be used to grow the economy just simply to increase activity.
“As outlined in our pre-budget submission it is vital that governments of all levels prepare for future economic growth by increasing the supply of land, above the undersupply of the past decade, to accommodate future economic growth.
“We have seen over the past decade a number of ad-hoc cuts to immigration based on the false premise that infrastructure bottlenecks, commuter congestion and stretched education resources are somehow the fault of migration rather than poor planning.
“In its pre-budget submission, the HIA has expressed a willingness to work with all levels of government in 2023 to ensure the nation’s immigration policies deliver benefits, not detrimental impacts, to current and future generations of Australians wanting to buy their own home,” concluded Ms Martin.
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Detached house approvals picking up
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
State Budget is a missed opportunity to stimulate housing
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
HIA supports bipartisan approach to planning reform NSW
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
Opposition pledge to remove stamp duty for first home buyers welcomed (Vic)
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.