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“Builders across the country highlighted that the impact of a never-ending cascade of further regulations, complex building codes and WHS changes, taxation rules and business compliance obligations are all acting as significant barriers to the delivery of more homes.
“Not only are these new and continually changing rules making it difficult for businesses they are adding significant upfront costs which impact homeowners particularly first homebuyers who are already struggling to get into the housing market.
“HIA is calling on all levels of Government to re-set and place a pause on any substantial new regulations and let industry get on with building the 1.2 million much - needed homes in conjunction with the National Housing Accord over the next 5 years.
“The industry wants to see a ‘whole of Government commitment’ across Federal, State and Territory and Local Government to come together and recognise their critical role in the supply of more homes that Australia urgently needs.
“Consultation with industry is needed across planning, skills, immigration, safety and compliance to ensure barriers are removed, transitions are well planned and solutions are fit for purpose.
“The building industry is ready and willing to deliver the 1.2 million homes over the next 5 years, but we need the right policy settings across all sectors of Government to enable the industry to deliver on these much needed 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.