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This week the Sydney Morning Herald is running a series of articles about the home building industry in NSW. Those articles are not balanced with the realities of the broader regulatory environment and paint an unnecessarily alarming picture.
“So, let’s set the record straight, and get to some of the facts about the housing industry – continued Mr Armitage.
“The NSW housing industry is the most heavily regulated in the nation, evidenced by the fact that fees and charges on new housing in NSW is the highest in the country.
“For the average house and land package in Sydney, the portion of taxes, fees and regulatory costs is a striking $576,000.
“The Strata Communities Association and BCNSW 2023 defect report shows that since 2020 defects in residential buildings are trending downward in NSW.
“The ACIL Allen Consultation on the building code 2025 highlighted that recent changes to the regulation of buildings in NSW have decreased serious defects in apartment buildings by 27%.
“The housing industry has experienced significant regulatory changes since 2020 including:
“Building homes is a noble profession providing a core need for the people of NSW - shelter.
“There are many positive stories of quality award winning building work, happy customers moving into their dream homes and young men and women starting amazing careers in our industry.
“It is entirely unhelpful to tarnish the reputation of the entire industry based on a few cases whilst giving little attention to facts and good news stories.
“HIA welcomes the opportunity to discuss the current regulatory environment builders face, the great work our industry is doing and huge amount of good news stories that exist.” concluded Mr Armitage.
“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.
“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.
“A strong pipeline of new shovel-ready residential land at Mount Peter is fundamental to putting downward pressure on housing prices across the entire region,” said HIA Executive Director North Queensland, Peter Fry.
An increase of the strata building bond from 2 per cent to 3 per cent was due to take effect from 1 July 2025. In a win for the multi-residential construction industry, HIA has been advised that this increase will be deferred for a further 12 months, to 1 July 2026.