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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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New home building contract laws welcomed by HIA
“The Victorian government’s proposal to update home building contract laws to make them fit for use in the 21st century is welcomed by HIA,” stated HIA Executive Director, Keith Ryan.
WorkSafe ACT raises alarm over training gaps
WorkSafe ACT has reported a rise in compliance notices being issued across industry. This highlights the importance of mandatory training to ensure safety and regulatory compliance. Ensure all your onsite workers complete the required training maintain compliance with safety obligations, and meet industry standards
Victorians returning to new home market
“New home sales in Victoria just saw their third consecutive monthly increase, up by 15.7 per cent in the month of May,” stated HIA Executive Director Victoria, Keith Ryan.
Sales of new homes rise to 13-month high
“The volume of new home sales increased by 6.9 per cent in the month of May 2025, to reach the highest level in 13 months,” stated HIA Senior Economist, Maurice Tapang.