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“Additional expenditure for the Affordable Housing Project Fund is good news, as is earmarking additional funding for public housing dwellings and renewal,” said Greg Weller, HIA Executive Director ACT/Sthn NSW.
“However, rather than just spend more public money on housing, we encourage the ACT government to look at what policy decisions it is making that contribute to the cost and shortage of housing in the Territory.
“Much vaunted changes to the planning system have so far failed to meet expectations to kickstart new building, while changes to building laws and red tape have seen significant escalations in build costs and times for projects to be completed.
“The Indicative Land Release Program (ILRP) promises much each year but is light on detail of residential dwelling type and measurement of performance.
“If the ACT improved the cost and speed of housing delivery through reducing red and green tape, while increasing land supply, there would be less pressure on public and affordable housing programs.
“We expect housing to be a central issue in this year’s Territory election, and HIA will be looking closely at the policies of all parties and candidates and how they stack up on delivering more housing for Canberrans.”
Some immediate changes that could improve housing outcomes include:
“The number of detached houses approved in the ACT over the quarter to April this year was only 141, which is a fall of 38% since the same period last year and the lowest quarter in over 15 years. Loans for the construction of a new dwelling for the year to March 2024 sit at 58% less than the previous year.
“The ACT has a looming housing disaster, which will not be addressed without meaningful reform to support housing delivery in private and public markets,” concluded Mr Weller.
“The RBA decision to keep interest rates in restrictive territory today will not stop the improvement in leading indicators of future home building,” stated HIA Senior Economist Tom Devitt.
In mid-June 2025, the NSW Premier released the Housing and Productivity Contribution (HPC) Works-in-Kind Guideline for public consultation.
Today the State Government announced proposed changes to the regulatory powers to investigate registered builders who may be unable to meet the financial requirements of registration. The announcement also included a long-awaited review of the Home Building Contracts Act 1991 (HBCA) and associated laws.
Housing Industry Association welcomes today’s announcement by the Cook Labor Government to review key aspects of the home building contracts legislation and provide the building regulator with additional powers to work with builders in distress.