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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.
Tasmania's home building pipeline is filling up faster than it is emptying. Building approvals are well up over the past year, but the number of homes actually getting underway continues to lag.
“Australia needed to deliver an annual rate of 240,000 new homes to reach the 1.2 million new homes target, but in the 12 months to March, just 197,340 new homes commenced construction,” stated HIA Senior Economist, Tom Devitt.
Workforce shortages remain one of the biggest constraints on housing delivery and we are continuing to work at all ends of the spectrum to grow and develop the WA residential construction workforce – from apprentices to skilled migrants.
The Housing Industry Association (HIA) welcomes today's contribution from the Australian Chamber of Commerce and Industry (ACCI) to the national debate on education and skills, Australia needs a better balance between university and vocational education if it is to solve its housing shortage. HIA Executive Director Future Workforce Mike Hermon said today.