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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 Hunter region's largest and most successful home and renovation show, the HIA Newcastle HOMESHOW, is set to return on Saturday, September 13, 2025, at the HIA Home Inspirations centre in Mayfield West.
“The expansion of the Home Guarantee Scheme announced by the Minister for Housing, Clare O’Neil MP, to take effect from 1 October 2025, will reduce the time to save a deposit by up to four years,” stated HIA Senior Economist Tom Devitt.
“The Victorian government’s approach to publishing housing targets for each council to achieve is a positive step but will not by itself improve housing supply or affordability” stated HIA Executive Director, Keith Ryan.
“Harnessing artificial intelligence to drive a once in a generation overhaul of planning systems across the country could be the circuit breaker Australia needs to deliver 1.2 million homes over next 5 years” said Sam Heckel HIA Executive Director, Planning & Environment.