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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.
HIA is calling on the Federal Government to act urgently to support Australia’s building product manufacturers and suppliers, an industry worth more than $130 billion and critical to the delivery of new housing across the country,” HIA Managing Director, Jocelyn Martin said today.
With the delay to decisions on the content of NCC 2025, the ABCB has published a further amendment to the current NCC 2022 which applies from 29 July 2025. The purpose of this minor amendment is to align the NCC with recent changes to the Premises Standards which apply to Class 3 to 9 public buildings, common areas of Class 2 apartment buildings and short-term accommodation
“HIA alongside a group of construction leaders and Standards Australia came together today at Parliament House, to present a united front in getting easier access to Australian Standards in the hands of those who need them most,” said HIA Managing Director, Jocelyn Martin.
HIA has made a comprehensive suite of submissions to the Productivity Commission ahead of the upcoming Treasurer’s Economic Reform Roundtable on 19-21 August.