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“But while the additional investment is a positive step, the Government must be clearer about what has been funded and what has actually been built,” said Ms Martin.
“Australians deserve clarity about what is real progress and what is simply approved funding. The government has talked about delivering 40,000 homes, but at this stage those figures reflect potential funding, not completed dwellings.
“Housing Australia’s figures show that as of this week, of the 18,650 homes supported under the first two rounds, just 889 have been completed, with a further 9,501 described as ‘under construction’. Under construction can mean a wide range of things in this industry, from a site being cleared to a slab being poured.
“We’re still a long way from 40,000 finished homes, and unless the obstacles slowing delivery across the entire industry are addressed, those homes simply won’t appear.
“Planning delays continue to hold up housing projects of all types, and that includes social and affordable housing. We also need far more serviced land in locations where people want to live because without land ready to build on, projects don’t progress beyond a concept.
“Workforce shortages and elevated construction costs also remain significant pressures, and they’re making it harder to get these projects to site.
“We know that working within the HAFF’s framework is also challenging for builders, with its excessively complex processes and opaque funding pathways.
“The recent announcement of an audit into HAFF provides an opportunity to reset some of these rules and processes, which will contribute to getting more homes completed.
“With the newly announced Round 3 due to open in January, the next phase must prioritise construction, not just announcements. The intent behind the HAFF is right, and the funding is appreciated, but at the end of the day, Australia doesn’t need more press releases, it needs more homes,” concluded Ms Martin.
Lowe Design & Build has won the 2026 HIA Eastern Victoria Home of the Year award for an outstanding custom built home in Portsea.
“Sales of new homes declined for a fourth consecutive month to their lowest level in more than a year, ensuring that a housing market slowdown is now set to occur in 2027,” stated HIA Chief Economist, Tim Reardon.
HIA is continuing to work closely with Midland Brick and the Western Australian Government to address the current supply constraints affecting clay brick products across the WA market.
HIA welcomes the opening of a new funding stream under the Housing Australia Future Fund (HAFF) creating a long-awaited opportunity for Class 1 housing projects to play a larger role in the delivery of social and affordable housing.