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“For example, the Victorian Government has just introduced legislation that will:
“This Victorian legislation will strangle the businesses of home builders and force many to exit the industry, reducing competition and adding further to the costs to construction.
“The additional requirements in Victoria will go a long way to offsetting the reduction in lenders mortgage insurance requirements proposed by the Prime Minister a week ago.
“This is in addition to a range of new taxes added to the cost of new home building in Victoria which includes:
“The ideal solution to increasing housing supply is to first stop governments increasing the cost of home building, such as in Victoria. Then to remove taxes, red tape and delays and reduce infrastructure costs. This will take decades to flow through to households as lower new home building costs.
“In the short term however, the only way in which the Australian government can lower the cost of home building is through policies similar to those both parties announced last week that provide financial support to first home buyers to build new homes.
“To achieve this outcome, substantial taxation reform is likely required to remove state government dependence on housing taxation. This should include removing the GST from new homes, as it is imposed on new homes but not on established homes, until such time as Australia builds 1.2 million homes within five years.
“Housing is taxed less like a necessity and more like a vice, like alcohol or tobacco,” concluded Ms Martin.
“Of the estimated 34,000 apprentices who will commence a construction trade apprenticeship this year, we expect fewer than 20,000 will make it through to complete their qualification. This must improve,” stated Geordan Murray, Executive Director - Future Workforce.
The Victorian Government has extended its stamp duty concession for off-the-plan properties, providing continued financial relief for homebuyers. This initiative aims to support the housing market and make home ownership more accessible.
HIA provided a submission to the National Policy Competition analysis 2025.
As West Australia’s residential building industry continues to grow and evolve, it’s important we take a step back and look at something we often overlook - our mental health.