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{{propApi.successMessage}} {{region}} Change locationOne million home goal must be pursued for affordability to be realised: HIA
One million home goal must be pursued for affordability to be realised: HIA
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“The passage of the ‘Housing Australia’s Future Fund Bill 2023’ is an important step toward addressing the ongoing decline of housing affordability,” added Ms Martin.
“An inadequate supply of additional housing over many years is the reason why there is intense competition to secure housing. The intense competition is evident across the spectrum of the housing market.
“Tackling housing affordability starts with making the supply of housing a national priority and improving affordability can enable more households to own their own homes. ‘Housing Australia’s Future Fund Bill 2023’ is an important step toward achieving this goal.
“Private and social housing work hand in hand, the more homes on the private market mean cheaper rents for those that can’t afford to buy a house.
“The Bill will seek to create important advisory bodies such as the National Housing Supply and Affordability Council to advise Government on how to increase housing supply.
“All sides of politics should view the passing of the Housing Australia’s Future Fund Bill 2023 as the first step in a long journey to addressing affordability.
“It is important that the role of the Australian Government in addressing the affordability challenge continues to grow with the passage of this legislation,” concluded Ms Martin.
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Housing industry unites to warn government the SMSF decision will reduce new housing supply
The following is a joint media release from the Housing Industry Association (HIA), Urban Development Institute of Australia (UDIA) and Property Council of Australia.
Tasmanian building approvals pick up but construction starts lag well behind decade average
New ABS data released today shows Tasmanian building approvals for new homes increased by 20.8 per cent in the month of May 2026 to 319.
Detached house approvals continue to pick up
“Building approvals for new houses increased to a new high in May 2026, up by 3.0 per cent to 10,690, the strongest month since September 2021, while multi-units decreased by 7.3 per cent in the month,” stated HIA Chief Economist Tim Reardon.
Changes coming for building industry
Members in the ACT and Southern NSW are advised of a number of new measures that may impact your business in the new financial year.