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{{propApi.successMessage}} {{region}} Change locationNew home building contract laws welcomed by HIA
New home building contract laws welcomed by HIA
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Today the government introduced a Bill into the Victorian Parliament to reform the Domestic Building Contracts Act 1995. The contents of the Bill should be available tomorrow.
“HIA has long called for reform to this Act. This legislation which regulates the contracts between homeowners (including developers) and builders is antiquated and not fit for purpose. This legislation managed to not only fail to protect consumers but also imposed unnecessary restrictions on home builders.
“For too long governments have been reluctant to review and update this legislation – save for the amendments to establish the now discredited Domestic Building Disputes Resolution Victoria (DBDRV) - so the Minister for Consumer Affairs is commended for his leadership in this matter.
“The Victorian government has consulted with many stakeholders, including HIA, and we believe that the new legislation generally should do a reasonable job in balancing the interests of consumers and home builders.
“There will however be reliance on the making of regulations to update the progress payment system and the payment of deposits. These regulations need to consider not only future home building methods but also existing home building methods which are already misaligned with the long entrenched standard progress stage definitions and percentages.
“HIA looks forward to continuing to engage with the government and others about future improvements to the laws regulating home building contracts,” concluded Mr Ryan.
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Home building materials prices still slower than CPI
“Home building materials have continued to experience only modest cost increases, up by 1.6 per cent in the 2024/25 financial year,” stated HIA Senior Economist, Maurice Tapang.
Productivity Commission backs HIA calls for major regulation overhaul
“Today’s interim report from the Productivity Commission overwhelmingly backs what HIA has long been saying - that the regulatory burden on businesses is getting worse in this country and there is need for a major overhaul on the approach to regulation,” said HIA Managing Director, Jocelyn Martin.
HIA welcomes key findings of interim Productivity Commission’s report
“The Housing Industry Association (HIA) welcomes the release of the Queensland Productivity Commission’s interim report into construction productivity It is a significant and necessary step toward overcoming the housing supply challenges facing Queensland,” said Michael Roberts, HIA Executive Director Queensland.
Building approvals pick up 2024/25
“New home building approvals in the 2024/25 financial year were up by 13.9 per cent compared to their 2023/24 trough,” stated HIA Senior Economist Tom Devitt.