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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.
October is National Safe Work Month, which is an important time for both employers and workers to focus on, and commit to, promoting safe and healthy workplaces, according to the Housing Industry Association (HIA) Chief Executive – Industry & Policy Simon Croft.
The latest figures from the Australian Bureau of Statistics (ABS) show that while new home building approvals in the ACT have lifted slightly in 2025, the pace of growth remains far too slow to meet the territory’s housing needs.
HIA have been lobbying for changes to streamline the process which will allow certifiers to issue Certificates of Occupancy (CoO).
“The positive impact of a decline in the cash rate hasn’t been sufficient to drive a genuine recovery in home building,” stated HIA Senior Economist Tom Devitt.