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“Australia’s forestry industry is a key part of Australia’s national economy and is critical to supporting our local manufacturing sector and delivering more housing in both our cities and across regional Australia.
“Timber is a valuable resource, widely used in Australia’s construction sector, with over 70% of all house frames constructed with timber framing.
“Demand for timber in housing construction is expected to grow by about 50% by 2050 as the population increases, therefore, it is critical to set the plans in place now to meet this future growing demand.
“The housing industry needs certainty to plan out for the future, and a key part of this is delivering a secure ongoing supply of locally grown timber matched to increasing demand.
“We know that with a growing population it will mean an increased demand for use of timber and wood-fibre and it is essential for Australia to have a steady supply of sustainably sourced timber and wood-fibre resources.
“Today’s announcement is timely on National Forestry Day and follows the recently released Timber Fibre Strategy, which sets out a pathway for the future growth of Australia’s forestry industry.
“HIA remains committed to working with the government in delivery of the Timber Fibre Strategy which will play an important role and key input into tackling our national housing challenges,” concluded Ms Martin.
A beautifully executed renovation and two-storey extension of a 1900s period home in Wangaratta has been named HIA Northern Victoria Home of the Year at the 2025 HIA Northern Victoria Regional Housing Awards, held in Yarrawonga on Friday night.
The Hunter region's largest and most successful home and renovation show, the HIA Newcastle HOMESHOW, is set to return on Saturday, September 13, 2025, at the HIA Home Inspirations centre in Mayfield West.
“The expansion of the Home Guarantee Scheme announced by the Minister for Housing, Clare O’Neil MP, to take effect from 1 October 2025, will reduce the time to save a deposit by up to four years,” stated HIA Senior Economist Tom Devitt.
“The Victorian government’s approach to publishing housing targets for each council to achieve is a positive step but will not by itself improve housing supply or affordability” stated HIA Executive Director, Keith Ryan.