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“The latest home ownership rates report record lows of 61.4 per cent with many Australians not seeing themselves ever realising their home ownership dream.
“A well housed population is more productive, cohesive and healthy; the delivery of housing in all forms, across our cities and in our regions must be a priority.
“Home ownership remains one of the most important aspirations for all Australians. It is critical that an incoming federal government recognises this and implements meaningful policies that enable all Australians to build and own their own home.
“Australia needs to maintain housing supply at around 240,000 new dwellings per annum, year on year to meet demand and put downward pressures on affordability.
“Yet right now the policy and economic environment is acting as a hand brake on our industry resulting in only 170,000 new homes being delivered.
“HIA calls on all sides of politics to commit to pulling out all stops and implement genuine policy reforms to support the delivery of appropriate housing to meet Australia’s growing population.
“Our industry is weighed down by increasing taxes and regulations, skills shortages, uncertainty in policy making and rising costs. These all contribute to making housing less affordable to rent or buy and driving up construction costs and hurting industry productivity.
“For this year’s federal election HIA calls on all political parties to adopt a multi-pronged plan to secure a strong supply of future housing matched to growing demand.
“A plan that addresses long term structural issues in delivery of adequate housing.
“A plan that requires bold leadership and coordination across all areas of government.
“A plan the recognises that not one single policy area can address these challenges. A plan that goes beyond a single election cycle.
“HIA calls on the next federal government to make housing across our cities and regions a national priority through:
“The housing industry built 1.7 million homes over the last decade, creating jobs for 1.1 million people and generating $105 billion in activity each year.
“This industry is the life blood of Australia and it’s time to get serious about removing the blockers to let builders build the homes to house all Australians,” concluded Ms Martin.
“The RBA decision to keep interest rates in restrictive territory today will not stop the improvement in leading indicators of future home building,” stated HIA Senior Economist Tom Devitt.
In mid-June 2025, the NSW Premier released the Housing and Productivity Contribution (HPC) Works-in-Kind Guideline for public consultation.
Today the State Government announced proposed changes to the regulatory powers to investigate registered builders who may be unable to meet the financial requirements of registration. The announcement also included a long-awaited review of the Home Building Contracts Act 1991 (HBCA) and associated laws.
Housing Industry Association welcomes today’s announcement by the Cook Labor Government to review key aspects of the home building contracts legislation and provide the building regulator with additional powers to work with builders in distress.