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{{propApi.successMessage}} {{region}} Change locationCanberra housing crisis deepens as building approvals hit new lows
Canberra housing crisis deepens as building approvals hit new lows
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“This is the worst building approval numbers for detached homes we have seen in 55 years. It is just not sustainable to think we can build at these levels and both expect the Canberra to grow and housing to become affordable,” said Greg Weller, HIA Executive Director ACT & Southern NSW.
“The situation for apartments and townhouses is little better, with only 1,500 multi-residential dwellings approved in 2024. This marks the lowest number of approvals over any twelve-month period since the year to November 2009.”
“Overall, the ACT had 2,180 dwellings approved in 2024, which is the lowest number of approvals since September 2007.”
“HIA has articulated a number of measures that could help address if implemented quickly, including easing taxation of new homes, improved planning measures and the cost of land.”
"If now is not the time for government to act urgently on housing supply, then when is?”
“There is only one way to address housing affordability and that is to build more homes,” concluded Mr Weller.
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Land prices a roadblock to 1.2 million homes target
“The median price of residential land sold nationally jumped by 6.8 per cent over the 2024/25 financial year, more than three times faster than consumer price inflation over the same period,” stated HIA Chief Economist Tim Reardon.
Time to stop playing politics and fast track overdue EPBC reforms
“The Housing Industry Association (HIA) is calling on all parties to park the games and fast track the delivery of the long overdue EPBC reforms by the end of this year,“ HIA Managing Director, Jocelyn Martin said today.
Audit must not slow delivery of new homes under HAFF
The Housing Industry Association (HIA) welcomes the announcement of an audit into the Housing Australia Future Fund (HAFF) but cautioned that the review should not delay or derail the urgent task of increasing Australia’s housing supply, HIA Managing Director Jocelyn Martin said today.
Rezoning paves the way for Gosford City Centre transformation
“The announcement that the NSW Government will fast-track a major rezoning of Gosford City Centre, unlocking 1,900 new homes across 283 hectares, provides an exciting opportunity for the Central Coast,” commented HIA Hunter Executive Director, Craig Jennion.