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{{propApi.successMessage}} {{region}} Change locationHIA welcomes $300 million plantation grant to boost timber supply
HIA welcomes $300 million plantation grant to boost timber supply
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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.
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HIA welcomes $300 million plantation grant to boost timber supply
“The Housing Industry Association (HIA) welcomes today’s announcement by the Albanese Government in providing $300 million to support Australia’s future wood supply to meet increasing housing needs across the country,” said HIA Managing Director Jocelyn Martin.