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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 (HIA) announced the HIA Cairns Home of the Year for 2024, with local builder, Koru Building Contractors taking out the prestigious award at the 2024 HIA-Cosentino Cairns Housing and Kitchen & Bathroom Awards presented on Friday 11 October at the Pullman Cairns.
The Housing Industry Association ACT and Southern NSW region has released its full 2024 ACT election priorities to address the issues facing housing and residential construction in the capital.
Trade shortages loom as a major threat to the Housing Accord’s target of building 1.2 million homes over the next five years. The target equates to an average of 240,000 homes per annum and Australia has only come close to this level of home building on two occasions in the past. The first was in a single year at the peak of the apartment boom of the mid-2010s (232,000 in 2016), and the second was for a single year at the peak of the COVID era cycle (228,000 in 2021).
This policy reflects HIA’s commitment to fostering a more diverse and inclusive residential building industry. HIA supports efforts to work with government and industry to encourage cultural change and broaden opportunities for all individuals.