{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationInsurance hike will damage Victorian home building
Insurance hike will damage Victorian home building
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
Send me exclusive tips, early access to new launches, and special offers. I can change my mind at any time.
By clicking Get started now you agree to the terms and conditions and privacy policy.
”The Victorian Government’s decision is only about improving the financial performance of the DBI scheme and is premature as the industry waits for the government to announce possible reforms to the scheme.
“This premium increase, which will directly add to the fees and charges paid by home buyers, will not be accompanied by any changes to the insurance benefits.
“The increase also adds to many challenges facing the residential building industry. This will do nothing to help deliver an increased number of desperately needed new homes.
“Home builder cashflow positions, already precariously thin under the weight of sustained pressure from rising building material and labour costs, will be further squeezed by the significant hike in DBI premiums.
“Builders want to stay competitive, but they will have little option but to factor the premium rise into the cost of a new dwelling and pass on to home buyers,” said Mr Ryan.
While acknowledging pressure on premiums has been building for some time due to VMIA’s growing claims exposure to builder insolvencies in recent years, Mr Ryan said the order of magnitude of the across-the-board increase from 1 September is unfair and without precedence.
The vast majority of Victorian builders are not triggering DBI claims and are continuing to complete homes for their clients despite the current challenges they all face.
“Last week’s decision by the Reserve Bank to keep interest rates on hold provided a respite for the embattled residential building sector.
“This announcement has dented that relief and is a stark reminder to home builders that the cost of doing business in Victoria is getting harder, not easier," concluded Mr Ryan.
For more information please contact:
Tasmanian Government should reaffirm commitment to DAPs
The Housing Industry Association (HIA) is calling on the Tasmanian Government to reaffirm its commitment to introduce Development Assessment Panels (DAPs) policy, following statements from the Minister for Housing and Planning at yesterday’s Budget Estimates hearings.
HIA calls for amendments to narrow 'new housing' test
“The Housing Industry Association (HIA) is urging the Senate to amend the Government’s proposed negative gearing and capital gains tax changes, raising concerns about their impact on the housing market and putting forward amendments to improve the flawed policy, including broadening the definition of new homes.
Getting ready for the end of financial year 2026
As the 2025/26 financial year draws to a close, now is the time to get your business ready for tax time and the changes coming from 1 July 2026.
HIA calls for draconian law to be withdrawn
The Housing Industry Association (HIA) is calling on the Victorian Government to withdraw proposed legislation that will expose home builders to fines over $10,000 if they fail to get the right paperwork to their client before conducting extra building work the client has asked them to do.