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{{propApi.successMessage}} {{region}} Change locationBudget week housing measures a step forward (Qld)
Budget week housing measures a step forward (Qld)
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“Measures such as waiving stamp duty on some new housing, new housing finance options and cost of living relief were positive announcements that can help young Queenslanders save for a home deposit faster.
“Stamp duty is one of most inefficient and ineffective taxes and HIA is pleased to see both parties committing to some stamp duty reform which we have been advocating for over a number of years.
“We’ve consistently called for cuts to taxes and charges on home building, which constitute more than a third of the cost of the average new house and land package in our state.
“We were delighted to receive confirmation of the LNP’s plan to reinstate the Queensland Productivity Commission, with a first order of business to report on productivity in the building industry.
“We also think that the LNP proposal to adopt a proven shared equity scheme in the vain of WA’s successful Keystart program would be more attractive than the complex federal model the current government is proposing to adopt.
“Disappointingly the government’s Budget, contained no measures to address the significant skills shortages in the construction industry, nor the substantial productivity issues being felt on new apartment construction that is stifling that key market segment and is only going to worsen over the next 12 months.
“The increases in the Foreign Investor Stamp duty charge to 8% and the foreign investor land tax surcharge from 2% to 3% announced in the Budget will likely lock out much needed investment in housing and further restrain the delivery of more rental options, particularly at a time when rental vacancies are at historic lows.
“Other key measures missing that we called on included substantial planning reform to streamline the approval of new housing of all types and reduction of the significant red tape hampering new home building and small business that is driving the cost of construction and pricing new home buyers out of the market.
“So, while there were some welcomed measures in the Budget much more ambitious policy reform is needed for Queensland to reach its share of 1.2 million new home target and the delivery of 50,000 new homes each year over the next five years.
“In the lead up to the Queensland election this year HIA is calling on an incoming Government to establish a policy agenda that supports a substantial boost to new housing, maintaining and growing a skilled workforce and removing the significant productivity issues crippling the industry,” Mr Roberts said.
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Amendment NCC 2022 published to align with the Premises Standards
With the delay to decisions on the content of NCC 2025, the ABCB has published a further amendment to the current NCC 2022 which applies from 29 July 2025. The purpose of this minor amendment is to align the NCC with recent changes to the Premises Standards which apply to Class 3 to 9 public buildings, common areas of Class 2 apartment buildings and short-term accommodation
Industry leaders call for free access to Standards to help alleviate costs for small business
“HIA alongside a group of construction leaders and Standards Australia came together today at Parliament House, to present a united front in getting easier access to Australian Standards in the hands of those who need them most,” said HIA Managing Director, Jocelyn Martin.
HIA calls for a comprehensive red tape reduction agenda
HIA has made a comprehensive suite of submissions to the Productivity Commission ahead of the upcoming Treasurer’s Economic Reform Roundtable on 19-21 August.
HIA urges Treasurer to make housing the centrepiece of economic reform
The Housing Industry Association (HIA) is calling on Treasurer Jim Chalmers to put housing at the centre of the upcoming Economic Reform Roundtable.