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{{propApi.successMessage}} {{region}} Change locationHIA calls for urgent insurance and contracts reforms
HIA calls for urgent insurance and contracts reforms
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“The Victorian government released its Housing Statement last year and has a target of building 800,000 homes in ten years. HIA supports the government’s objective to increase housing supply by building more homes but the uncertainty on future building insurance and contract rules is causing unnecessary stress for the industry.”
“It was confirmed yesterday that over the past 12 months there has been a significant decline in housing approvals across the state. New home sales have also been weak. This makes the government’s target more difficult to achieve.”
“Home builders want the Victorian government to achieve the target. They want to build more homes, but they need to have government policy settings that help them remain financially stable and secure.”
“First, home builders and consumers need better access to domestic building insurance (DBI). Recent premium increases and restrictions on builder’s capacity to get DBI are preventing some consumers and builders from being able to enter into home building and renovation contracts.”
“Second, the legislation that regulates the contracts between consumers and builders is antiquated and not fit for purpose. This legislation not only fails to adequately protect consumers but also imposes unnecessary restrictions on home builders.“
“The government completed a public consultation process on a review of the Domestic Building Contracts Act over five months ago. Since then, we have seen little to no progress on this review.”
“It is acknowledged that the current environment of low sales and approvals is caused mainly by high interest rates and low consumer confidence. This will however change and as Victoria’s population continues to grow and pent-up demand for housing increases. “
“When consumer confidence returns and sales increase the Victorian government needs to ensure that better domestic building insurance arrangements and home building contract legislation are already in place to support both homeowners and builders” concluded Mr Ryan.
For more information please contact:
WA Cost Plus Contract Update: What Members Need to Know
The WA Cost Plus Contract has been updated to improve clarity, accuracy and usability for builders. Changes include revised contract schedule items, updated document references and a new clause covering contract interpretation and document precedence.
OHS Regulations review – proposals for construction, falls and infringement provisions
HIA provided additional feedback regarding the SRG proposal papers for construction, falls and infringement offences.
2026-27 HIA SA Pre-Budget Submission
The Housing Industry Association (HIA) makes the following submission to the Treasurer and the Department of Treasury to inform deliberations ahead of the 2026-27 South Australian Budget.
Budget in Reply signals strong focus on productivity, investment and housing supply
“The Housing Industry Association (HIA) welcomes the ambition of the Coalition’s Budget in Reply handed down tonight, including measures that support business investment, improve productivity and boost housing supply,” said HIA Managing Director Jocelyn Martin.