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{{propApi.successMessage}} {{region}} Change locationOne year of the Housing Accord: vision set, but delivery falling short
One year of the Housing Accord: vision set, but delivery falling short
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“We welcome the intent and cooperation the Accord represents, but it must be said that meaningful progress on the ground is yet to materialise,” HIA Managing Director Jocelyn Martin said today.
“When the Accord was announced, HIA welcomed the vision of a unified national approach to housing supply. A year later, we are seeing the right conversations taking place and funding announcements made, but new housing starts aren’t keeping up with demand,” Ms Martin said.
“There were only 168,050 dwelling commencements nationally in the 2024 calendar year. If we continue at this pace, Australia will fall well short of the 1.2 million homes target.
“HIA’s forecast of dwelling commencements, or gross new housing supply, shows only around 986,000 homes will be delivered to market over the five years to 2028/29.
“Builders are still facing the same barriers that have been holding the industry back for years. Land supply remains constrained, planning systems are slow and complex, and the cost of delivering a new home continues to rise because of charges, taxes and red tape. Interest rates, skill shortages and material costs only add to these pressures.
“HIA welcomes the renewed focus on productivity in residential construction by the Minister for Housing Clare O’Neil. It appears to be finally registering with the Government that we need to address red tape brought about by archaic approaches to planning and building codes, we need ways to improve workforce participation and to encourage innovation and we need to address the barriers to foreign investment which are holding back apartment supply.
“However, governments at all levels need to move beyond commitments and deliver the reforms that will actually get more homes built.
“The goal of 1.2 million houses is an important one. It is true that it is going to be a tough ask to reach the target, but we must try.
“The Accord has provided the foundation to bring state, territory and the Federal Government to the table on housing. Australians now need governments to clear the obstacles that prevent homes being built. The next 12 months must be about removing barriers to delivery,” concluded Ms Martin.
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Federal Budget 2026–27: Positive Supply Reforms Offset by Housing Taxation Changes
Treasurer Jim Chalmers handed down the 2026-2027 Federal Budget tonight which was couched as his most transformative budget since the ALP came to government in 2022.
Housing shortage to get worse
The Federal Budget will make Australia’s housing shortage worse by reducing the supply of new homes at a time when the country is already struggling to house a growing population.
Budget unleashes AI to break housing and environmental approval bottlenecks
“The Housing Industry Association (HIA) welcomes today’s Federal Budget announcement of a half a billion dollar investment to modernise environmental approvals that will help deliver a faster, technology enabled and fit for purpose system that supports urgently needed housing supply,” said HIA Managing Director, Jocelyn Martin.
Housing infrastructure spend welcomed by industry
The Housing Industry Association (HIA) has welcomed the news that the 2026/27 Federal Budget will invest an additional $2 billion over four years to fund critical infrastructure, which will support the construction of up to 65,000 new homes.