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{{propApi.successMessage}} {{region}} Change locationRemoval of excessive red tape welcomed
Removal of excessive red tape welcomed
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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.
For more information please contact:
Signs of a pulse in Canberra building approvals
Building approvals for dwellings in Canberra for the year to the end of March have shown some signs that the market may be turning the corner but still remain well below government targets.
Low volume of home building but labour shortages linger
“Australia has just seen its two weakest years of new home commencements in over a decade, meaning these ongoing shortages of skilled trades are not being caused by home building activity,” stated HIA Chief Economist, Tim Reardon.
Building approvals strengthen in March quarter
“There were 48,620 new homes approved for construction in the first quarter of 2025, up by 20.8 per cent on a year earlier,” stated HIA Senior Economist Tom Devitt.
New Government must put housing as first order of business
“The Housing Industry Association (HIA) calls on the newly elected Federal Government to make housing a first-order priority from day one, any delay or political grandstanding will only deepen the nation’s housing crisis,” HIA Managing Director Jocelyn Martin said today.