{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationWe need a reminder: it's all about housing supply
We need a reminder: it's all about housing supply
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
Send me exclusive tips, early access to new launches, and special offers. I can change my mind at any time.
By clicking Get started now you agree to the terms and conditions and privacy policy.
“All the economic indicators are pointing to a slowdown in the commencement of new homes. Since the first increase in the cash rate, sales of new homes have fallen sharply and are 41.8 per cent lower than at the same time last year and 26.2 per cent lower than at the same time in 2019.
“Loans for the construction and purchase of new homes are down by 31.1 per cent over the year. Building approvals have started to fall and are now 13.5 per cent lower than at the same time last year.
“We forecast that in 2024, the number of new homes commencing construction will reach its lowest volume since 2012, when the RBA last increased the cash rate significantly. This will also be one of the lowest volumes of new home starts in the past 30 years. This is contrary to the Australian government’s goal of building more than one million homes over the next five years,” Ms Martin said.
“The housing supply problem is complex and requires a coordinated approach across all levels of government. The current figures demonstrate we are falling further and further behind in addressing the need. Adjusting one part of the sector and thinking that it will have a positive impact on another part of the sector is naïve. We need an approach that looks across the complete spectrum of housing, social, home ownership and investing, and brings in all tiers of government.
The Housing Australia Future Fund Bill 2023 does place important mechanisms to invest more on social housing. But the Bill doesn't stop there, they provide the impetus to bring Federal, State and Local governments together to address planning issues and improve the quality of housing data so that investment is where it is most needed. It sets up all levels of government to be accountable for change, investment and most importantly results.
“The Bill is not the complete answer to address housing supply. No one thing is. But they are an essential step in putting key decision makers on the same page and accountable. It allows for the possibility that issues of rental affordability, investment and the supply of new homes can be addressed as a whole instead.
“The figures speak for themselves. There is no purpose in debating issues around rental affordability if there are no homes for people to rent in the first place,” Ms Martin said.
For more information please contact:
HIA welcomes new HAFF funding for low-density (class 1) projects
The Housing Industry Association (HIA) welcomes Housing Australia’s announcement of a new stream of funding under the Housing Australia Future Fund (HAFF) facility for well-located, low-density dwellings that are shovel ready.
Queensland building leader Jodie McKenna crowned HIA Building Woman of the Year
Queensland’s home building industry gathered in celebration as the 12th annual HIA Queensland Building Women Awards honoured outstanding achievement, leadership and influence, shining a spotlight on the remarkable contribution women are making to building more homes across the state.
Regional housing must be a top priority for Victoria's next Government
The Housing Industry Association (HIA) will bring together industry leaders, businesses, community representatives and policymakers in Ballarat on Tuesday for a regional housing roundtable focused on the critical role housing will play in supporting the future growth and prosperity of regional Victoria.
Preventing Pipe Failure Starts Below Ground
The HIA has been advised that due to an increase of plumbing audit inspection failures, from the 1st of September, the Office of the Technical Regulator (OTR) will be further policing non-compliance in the installation of sanitary plumbing and drainage pipework, namely the bedding of sanitary drainage pipes.