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“These finding must be a wakeup call for all government policy makers and standards setting bodies.
“The report is yet another confirmation of what our industry continues to say, that regulation setting systems in this country are broken, are stifling business operations and the Federal Government should set stronger expectations on regulators and policy makers to deliver growth and dynamism and hold them accountable for outcomes.
“Specifically, the Productivity Commission acknowledges the housing industry is plagued with numerous regulatory challenges that act as a handbrake on productivity and over the past years the volume and complexity of regulations affecting the housing sector have increased significantly.
“For example, all levels of government are imposing rules that affect where housing can be built, how it should be built and what it should look like. While safer houses built to higher standards are important and can provide benefits, the question now is on costs exceeding benefits and industry spending more time navigating regulation than building homes.
“Another important finding which HIA has advocated strongly for recognises that regulation settings have gone too far, are overly prescriptive, there is too much risk aversion by policy makers, and there has been a growing tendency by policy makers wanting to be seen to be doing something.
“Equally, the changes to regulation continue to be considered in isolation rather than their cumulative effect. The Productivity Commission recommends an immediate review of the thicket regulation in the construction sector, including their cumulative impact and alignment across regulators.
“The publication of this report is timely ahead of the Economic Reform Roundtable, and it provides a clear agenda on the need for a whole of government commitment to a set of immediate reforms that will at once reduce regulatory burdens on business," concluded Ms Martin.
“The median price of residential land sold nationally jumped by 6.8 per cent over the 2024/25 financial year, more than three times faster than consumer price inflation over the same period,” stated HIA Chief Economist Tim Reardon.
“The Housing Industry Association (HIA) is calling on all parties to park the games and fast track the delivery of the long overdue EPBC reforms by the end of this year,“ HIA Managing Director, Jocelyn Martin said today.
The Housing Industry Association (HIA) welcomes the announcement of an audit into the Housing Australia Future Fund (HAFF) but cautioned that the review should not delay or derail the urgent task of increasing Australia’s housing supply, HIA Managing Director Jocelyn Martin said today.
“The announcement that the NSW Government will fast-track a major rezoning of Gosford City Centre, unlocking 1,900 new homes across 283 hectares, provides an exciting opportunity for the Central Coast,” commented HIA Hunter Executive Director, Craig Jennion.