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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.
“Australia’s population reached 27.4 million by the end of 2024, up by 445,900 people, or 1.7 per cent for the year,” stated HIA Senior Economist, Tom Devitt.
The Tasmanian election that no-one wanted to have is in full swing, and while the limited campaign period is unlikely to provide the usual platform to promote key policies and reforms, HIA is calling on both major parties to prioritise housing policies given the significant challenges across the state.
“Our dated and complex planning system is littered with speed bumps that could easily be removed”, said Brad Armitage, HIA NSW Executive Director.
“The Victorian government’s proposal to update home building contract laws to make them fit for use in the 21st century is welcomed by HIA,” stated HIA Executive Director, Keith Ryan.