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{{propApi.successMessage}} {{region}} Change locationFederal Government's regional housing boost welcomed
Federal Government's regional housing boost welcomed
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“Across the whole housing continuum, Australia faces housing shortages. This includes private housing, private and long-term rentals, community housing and temporary accommodation.
“Social housing is a critical component of the nation’s overall housing stock and currently represents only around 4 per cent of the total residential market. Investment in social housing, particularly in the often-times neglected regional areas of Australia, is both needed and welcomed.
“Federal government investment in enabling infrastructure is particularly welcomed as local councils frequently lack the capital to immediately and comprehensively service new and growing communities in regional areas,” said Mr Fry.
“Queensland is experiencing ongoing elevated interstate migration and the steady and speedy delivery of housing of varying types particularly across regional North Queensland is essential to ensure affordability doesn’t deteriorate further. Any investment that provides the opportunity to put a roof over a North Queenslanders head will undoubtably offer economic benefits to the community.
“The latest ABS approvals data shows a patchwork picture across the north of the state with October 2024 YTD figures showing a 4 per cent increase on dwelling approvals against the previous year for North Queensland but regional areas like Far North Queensland are down 15 per cent for the same period. Meanwhile, Mackay/Whitsundays are performing strongly in new building approvals (+28 per cent ), as well as Central Qld (+11 per cent).
“While this announcement is welcomed more needs to be down to encourage the delivery of all forms of housing particularly in regional areas” concluded Mr Fry.
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Further reforms needed to get more keys in doors now
“HIA welcomes the Housing Delivery Authority (HDA) now accepting Expressions of Interest for major residential projects to be assessed through a new faster approval pathway. However, more needs to be done to address the housing crisis in NSW“ said Brad Armitage HIA Executive Director NSW.
Federal Government's regional housing boost welcomed
“HIA welcomes the Federal Government’s commitment of $50 million to support increased social housing supply through the construction of enabling infrastructure in Far North Queensland,” HIA Executive Director Peter Fry said today.
New home building activity continues to improve
“Building approvals data reveals the ongoing strengthening in the new home building market and continue to point to a moderate-pace recovery in 2025,” stated HIA Senior Economist, Matt King.
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