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“This proposal is a step in the right direction, especially for the home building industry which has been mired in excessive red tape and regulation,” HIA Managing Director Jocelyn Martin said today.
“The process of home building in itself is quick and efficient. Government red tape and excessive regulation have been the key reasons why it is so difficult to increase supply,” added Ms Martin.
“It is pleasing to hear that construction is one of the sectors identified to benefit from this, alongside financial services, resource and energy.
“For too long, the home building industry has become increasingly and excessively regulated, which has inflated the cost of building a new home.
“Our 2025 Report on the Taxation of the Housing Sector found that almost half of the cost of a new home are taxes, fees and regulatory charges.
“In creating this body, it is important that Australia also attracts the foreign investment needed to build more homes of all types, whether detached or apartments.
“Unfortunately, recent proposals and moves to ban foreign investors and businesses to invest in Australia’s housing market are deeply misguided.
“At least one in ten detached homes built in Australia are built by overseas-backed businesses. Foreign investors were also the key in building more units during the mid-2010s apartment boom.
“We do hope that in the creation of such body that they also identify the need to reform these policies, remove the barriers and attract more foreign investment as well.
“HIA is calling on all parties of government to take a sensible approach to housing policy, one that does not pander to short-term political gains.
“Cutting unnecessary regulation for the home building and financing industry is certainly a good laudable step forward,” concluded Ms Martin.
Read more on HIA’s advocacy on how the Government can help remove the barriers to building more homes in Australia.
“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.