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{{propApi.successMessage}} {{region}} Change locationVictorian home building industry spared further pain
Victorian home building industry spared further pain
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“It is a relief that the home building industry has been spared more harm from excessive and new taxes. The plans by the Victorian government to reduce spending on large infrastructure projects and free up labour and materials for the construction industry is also a positive and should be good news for home builders.
The expanded funding for the Victorian Homebuyer Fund is welcome but this funding stops once the Commonwealth government’s home buyer support scheme is in place. More detail is required to assess the impact on this decision by the Victorian government.
“HIA also welcomes the decision to provide more funding to the Victorian Building Authority to help it give both the industry and consumers confidence that it can effectively enforce building regulations. There is also recognition of the need for the government to improve access to domestic building insurance for people building or renovating their homes.
“The budget focuses on small grants to help with the cost of living and continued investment in education, health care and road and rail. These are all worthy programs which will help families and the economy. However, HIA always holds to the view that the best way to help families is to get them into a home.”
“Ultimately the Budget does not include significant measures to help address housing shortages, such as broader stamp duty reform, tax reductions and removals, planning and building law improvements, and an increased supply of land. It is hoped however that there will be future announcements this year from the Allan government which address this.” concluded Mr Ryan.
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Detached house approvals picking up
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
State Budget is a missed opportunity to stimulate housing
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
HIA supports bipartisan approach to planning reform NSW
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
Opposition pledge to remove stamp duty for first home buyers welcomed (Vic)
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.