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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.
The Housing Industry Association has warned that recycled proposals to restrict negative gearing or reduce the capital gains tax discount risk worsening Australia’s housing shortage by reducing investment into new housing supply.
The Federal Government today outlined a strong productivity focused agenda in this year’s Federal Budget, with targeted measures to support housing delivery and small business growth — reflecting long standing advocacy from the Housing Industry Association (HIA).
Earlier this year the Victorian government released for public consultation proposed regulations for minimum financial requirements (MFR). The MFR are an important part of the Victorian government’s Buyer Protection reforms which are scheduled to commence on 1 July 2026.
crystalline silica (RCS) to 0.025 mg/m3 under the model WHS laws has been rejected.