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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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Housing and Productivity Contribution Scheme Works-in-Kind Guideline
In mid-June 2025, the NSW Premier released the Housing and Productivity Contribution (HPC) Works-in-Kind Guideline for public consultation.
Government announces broader licensing powers and HBCA review
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.
HIA welcomes changes providing confidence for home building
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.
Interest rate cuts boost building approvals
“Two cuts to the cash rate have seen the volume of detached house building approvals rise to be 3.2 per cent higher than the same month last year,” stated HIA Senior Economist Tom Devitt.