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“While the decision to cancel the Games will be disappointing for regional communities and sporting, tourism and events bodies, the government’s commitment to retain part of the Commonwealth Games budget for the $1 billion Regional Housing Fund is welcome,” said Keith Ryan, HIA Executive Director, Victoria.
The announcement today of the $150 million Regional Worker Accommodation Fund is also positive news.
“Demand for regional housing will only intensify as Victoria’s population grows so the investment that is expected to deliver more than 1,300 new homes could not come at a better time.
“The Regional Housing Fund will be a welcome support for regional home builders who can contribute to their communities by growing the supply of housing and creating jobs as Victoria continues to grow.
“The Regional Worker Accommodation Fund will help to house the workforce required in regional Victoria and we look forward to consultation about the program design and eligibility requirements.
“Our regional members regularly report that lack of suitable housing is a major challenge to attracting workers to regional Victoria. This new Fund will help resolve that challenge,” concluded Mr Ryan.
Members are advised that changes to the Moreton Bay planning scheme introduced on the 30 October 2024 in relation to rear boundary setbacks are about to be enforced.
The Tasmanian Government has confirmed it will not adopt the revised National Construction Code (NCC) 2025, following the Building Ministers’ Meeting held on Wednesday.
HIA has expressed significant concerns with the operation of fidelity funds due to the complexity of the insurance product, lack of adequate protection for consumers and absence of independent APRA regulation.
Commonwealth, State and Territory Building Ministers at the Building Ministers’ Meeting met yesterday to decide on the content and timing of the National Construction Code (NCC) 2025.