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“This announcement represents 40 per cent of the 13,742 social and affordable dwellings forecasted by the Australian Government to get underway this financial year. The announcement is an important step forward for the HAFF program.
“HIA has long advocated that Australia needs more housing supply of all types across the ‘Housing Continuum’ be it private housing, private rentals, long term rentals, subsidies and supported housing and social, community and affordable housing.
“Where one form of housing supply across this housing continuum falls short other parts of the system will additionally struggle to meet demand.
“That is why we need a coordinated approach across housing policy programs and across all levels of government to continue with initiatives to increase supply of housing for all forms.
“As a consequence, it will be important to ensure productivity in the residential construction industry is supported by government focus on removing regulatory roadblocks, improving planning systems and tackling skills shortages.
“While we would like to see a longer term more consistent approach to funding social housing, programs such as the HAFF provide positive inroads into improving housing outcomes.
“HIA is committed to work with all levels of government on policies that look to address Australia’s housing challenges and supporting measures to get younger Australians into housing,” concluded Ms Martin.
“Home building materials have continued to experience only modest cost increases, up by 1.6 per cent in the 2024/25 financial year,” stated HIA Senior Economist, Maurice Tapang.
“Today’s interim report from the Productivity Commission overwhelmingly backs what HIA has long been saying - that the regulatory burden on businesses is getting worse in this country and there is need for a major overhaul on the approach to regulation,” said HIA Managing Director, Jocelyn Martin.
“The Housing Industry Association (HIA) welcomes the release of the Queensland Productivity Commission’s interim report into construction productivity It is a significant and necessary step toward overcoming the housing supply challenges facing Queensland,” said Michael Roberts, HIA Executive Director Queensland.
“New home building approvals in the 2024/25 financial year were up by 13.9 per cent compared to their 2023/24 trough,” stated HIA Senior Economist Tom Devitt.