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“This investment includes concessional loans and grant funding to support more homes for first home buyers delivered faster, which is timely given home ownership rates for those under 40 at decade lows.
“The funding is primarily focussed on key last mile enabling infrastructure including roads, sewerage, water and power to fast track new dwellings delivery and boost housing supply.
“This investment is critical to build more homes faster, as builders often tell us that getting this key ‘last mile’ infrastructure is what holds many projects back from being delivered in a more-timely fashion.
“The $801 million funding includes:
“HIA has been advocating extensively for a boost in enabling infrastructure funding as part of this year’s Federal Budget and ahead of the upcoming South Australian state election to support state and local governments to unlock more new homes faster.
“It is therefore encouraging to see this funding being rolled out to support key housing projects, that will enable more projects to be shovel ready faster and in turn boost housing supply across the country,” concluded Ms Martin.
The Federal Government has announced that the Australian Taxation Office (ATO) will continue to accept credit card payments for tax liabilities until the end of the 2026-27 financial year, delaying changes that were previously due to take effect on 1 December.
The Housing Industry Association (HIA) welcomes the Federal Government's stepping in and agreeing to delay the Australian Taxation Office's (ATO) proposed ban on credit card payments, providing builders, tradies and suppliers with much-needed breathing space while a longer-term solution is developed.
The Housing Industry Association (HIA) says the Victorian results in the HIA National Housing Accord Update released yesterday, while not as poor as some other states, highlight the urgent need for a reset in housing policy after the upcoming state election.
HIA’s annual Safety Summit is being held today in Adelaide (8 October) and will bring together industry leaders, regulators and workplace safety experts, providing practical guidance to help residential builders and tradies create safer worksites and support compliance in an ever-changing world.