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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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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.