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{{propApi.successMessage}} {{region}} Change locationTreasury investment can support greater uptake in prefab
Treasury investment can support greater uptake in prefab
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“The initiative announced today, will help build momentum towards adopting of innovative forms of construction practices, which can play an important role in addressing Australia’s housing shortages and boosting productivity.
“HIA has been advocating extensively over the past few years, on the need to develop more tailored rules for these forms of construction as regulatory roadblocks are currently hindered their adoption, delaying projects and impacting on construction costs.
“Part of today’s announcement includes the Federal Government working with states and territories and key industry bodies to clear bottlenecks and cut red tape that is preventing housing being delivered faster, which industry has long called for.
“Both the Treasurer and Minister Husic, in his role as Industry Minister and Chair of the Building Ministers Forum, have been progressing a number of important reforms to address these issues, and it is pleasing to see these come to play as part of today’s roundtable.
“This includes supporting Australian manufacturers to invest in the factories and machinery to enable them to upscale in production of Modern Methods of Construction.
“As well as addressing our building codes and building rules to better recognise these forms of construction to assist in streamlining their approvals.
“Today’s announcement is an important initiative to help unlock further housing supply. It additionally illustrates that there is no single solution to these issues, and instead reforms and targeted measures across all areas of policy are needed to address the nation’s housing needs,” concluded Mr Croft.
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