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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.
A beautifully executed renovation and two-storey extension of a 1900s period home in Wangaratta has been named HIA Northern Victoria Home of the Year at the 2025 HIA Northern Victoria Regional Housing Awards, held in Yarrawonga on Friday night.
“The expansion of the Home Guarantee Scheme announced by the Minister for Housing, Clare O’Neil MP, to take effect from 1 October 2025, will reduce the time to save a deposit by up to four years,” stated HIA Senior Economist Tom Devitt.
“Harnessing artificial intelligence to drive a once in a generation overhaul of planning systems across the country could be the circuit breaker Australia needs to deliver 1.2 million homes over next 5 years” said Sam Heckel HIA Executive Director, Planning & Environment.
The Housing Industry Association (HIA) is pleased to announce Structerre Consulting as the headline partner of the 2025 HIA Western Australian Housing and Kitchen and Bathroom Awards.