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{{propApi.successMessage}} {{region}} Change locationFirst round HAFF funding an important step forward
First round HAFF funding an important step forward
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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.
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North Queensland needs to do its share of home building
“The improvement in home building activity expected across the nation this year is already underway up and down the Queensland coast,” stated HIA Executive Director, Peter Fry.
ACT continues to languish in national housing rankings
“The Australian Capital Territory remains near the bottom of the national housing league table, staying at seventh place in HIA’s latest Housing Scorecard,” stated HIA ACT & Southern NSW Executive Director, Greg Weller.
Land prices accelerated in 2024
“The median price of residential land sold increased by 2.6 per cent nationally in the final quarter of 2024, to a new record high $369,530,” stated HIA Senior Economist Tom Devitt.
Increase to minimum wages from 1 July
The Fair Work Commission handed down its annual minimum wage decision, awarding a 3.5 per cent increase to the national minimum wage and modern award minimum wages.