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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.
Australia does not suffer from a lack of ideas on housing policy, but from a pattern of choosing policy settings that work against each other, according to the Housing Industry Association.
Australia doesn’t have a housing policy problem because we lack ideas. We have a housing policy problem because we keep choosing the wrong ones.
The Housing Industry Association (HIA) welcomes the NT government decision not to rush changes into force for the National Construction Code (NCC) at this time.
Members are reminded that the Victorian Government has decided that NCC 2025 will commence on 1 May 2026.