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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.
Workplace laws are set for more changes in 2026.
Australia’s residential building industry has entered the new year with confidence still on shaky ground for small businesses as rising costs and policy uncertainty continue to cloud the outlook.
Tasmania’s housing market slowed in November, with building approvals falling sharply compared to October. Approvals for new homes dropped almost 20 per cent, and even after seasonal adjustment, the decline was 5.8 per cent.
Australia’s home building industry is expected to strengthen through 2026, supported by gradually improving building approvals and a recovery in demand, but the pace of growth will ultimately depend on how quickly interest rates can fall further, according to the Housing Industry Association.