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“Earlier this year National Cabinet committed to building 1.2 million homes over the next 5 years. To build these much needed homes, it is critical that we have the key skills and workforce in place to enable us to achieve this target.
“This investment is a key plank in addressing the skills shortages, strengthening our VET sector and training and upskilling workers into national priority areas including construction.
“Part of this agreement includes the establishment of nationally networked Centres of Excellence involving partnerships between TAFEs, universities, Jobs and Skills Councils and industry,” added Ms Martin.
Whilst broadly supportive of these targeted ‘Centres of Excellence’ which can focus on key skills gaps, HIA stresses the importance of the Australian Government broadening the focus beyond TAFE’s to also recognise the key role played by industry specific training organisations.
These organisations deliver training developed by industry for industry and also have the capacity to deliver targeted skills in regional areas.
Included in the $12.6 billion funding is $100 million to support, grow and retain a quality VET workforce, $250 million to improve VET completions including women and others who face completion challenges and $142 million to improve foundation skills training capacity, quality and accessibility.
“The National Skills Agreement promises to deliver much needed changes to the VET system and the opportunity to target skills and reforms which will make a difference to our industry and our capacity to deliver on the Government’s plan to build 1.2 million homes,” concluded Ms Martin.
From 1 July 2026 changes to domestic building warranty insurance will take effect. These changes require HIA to revise its suite of Victorian domestic building contracts to meet the new requirements.
The Housing Industry Association (HIA) has called the passage of changes to negative gearing, capital gains tax (CGT) and self-managed super fund (SMSF) investment rules a major setback for housing supply, warning the measures should have been ‘red carded’ before being legislated.
The Courier Mail described the budget as being as bland as the chive and onion muffins served to those who ventured into the budget lock down but concluded while the budget was hard to love it was also hard to hate.
The new Buyer Protection laws will start on Wednesday, 1 July 2026 after an extraordinarily challenging process with numerous last-minute changes. HIA is providing this Member Alert to help members navigate the key ‘need to know’ on these new laws, with more detailed material to follow.