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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.
The Fair Work Commission has reactivated the road transport fuel cost recovery order with changes to rate adjustment frequencies, the small business carve out, agreed levy/surcharges, sunset and review provisions, and with a future effective date.
It’s time to move forward with Lee Point development and deliver the homes, jobs and economic activity the Northern Territory needs.
HIA is deeply saddened to hear of the passing of Bert Dennis, founder of Dennis Family Corporation.
HIA today welcomed the Cook Labor Government announcement to invest up to $12.8 million in further measures to boost Western Australia’s brick supply and support small and medium-sized builders to deliver more homes across Western Australia.