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“The first and second round of the HAFF funding has received significant interest and builders remain committed to boosting the supply of much needed social and affordable housing.
“The announcement is an important step forward for the HAFF program with round 3 aiming to support the delivery of the remaining 21,350 social and affordable homes to meet the national target of 40,000 new homes by 2029.
“It is hoped through this latest round of funding and the current review into the operation of the HAFF, we can see meaningful improvements to the program and result in fast tracking this latest round of funding and streamlining the delivery of more homes faster.
“HIA has long advocated that Australia needs more housing supply of all types across the ‘Housing Continuum’ be it private housing, private rentals, long term rentals, subsidies and supported housing and social, community and affordable housing.
“Where one form of housing supply across this housing continuum falls short other parts of the system will additionally struggle to meet demand.
“That’s why we need a coordinated approach across housing policy programs and across all levels of government to continue with initiatives and programs to increase supply of housing for all forms.
“As a consequence, it will be important to ensure productivity in the residential construction industry is supported by government focus on removing regulatory roadblocks, improving planning systems and tackling skills shortages.
“HIA is committed to work with all levels of government on policies that look to address Australia’s housing challenges and supporting measures to get more Australians into housing,” concluded Ms Martin.
From 1 July 2026 changes to domestic building warranty insurance will take effect. These changes require HIA to revise its suite of Victorian domestic building contracts to meet the new requirements.
The Housing Industry Association (HIA) has called the passage of changes to negative gearing, capital gains tax (CGT) and self-managed super fund (SMSF) investment rules a major setback for housing supply, warning the measures should have been ‘red carded’ before being legislated.
The Courier Mail described the budget as being as bland as the chive and onion muffins served to those who ventured into the budget lock down but concluded while the budget was hard to love it was also hard to hate.
The new Buyer Protection laws will start on Wednesday, 1 July 2026 after an extraordinarily challenging process with numerous last-minute changes. HIA is providing this Member Alert to help members navigate the key ‘need to know’ on these new laws, with more detailed material to follow.