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“Much of the building activity for detached homes is also being delivered over the border and this is locking more and more Territorians out of the market and driving up house and rental prices.
“HIA strongly believes that with a few simple planning changes and improved accountability for land supply, the ACT can significantly increase the number of dwellings built in the capital each year.
“The industry welcomes the new Territory Plan and the approach of creating an ‘outcomes-based’ planning system to improve the built form in the Territory, however, we can’t see it inherently increasing the supply of dwellings,” said Mr Weller.
To increase density The ACT must:
“The lack of affordable land in the ACT continues to constrain the delivery of housing at an affordable price. While the Indicative Land Release Program (ILRP) is projecting blocks for around 21,000 dwellings will be released over the next 5 years, there is very limited detail as to the type of dwelling.
“There is also no accountability to the public and industry as to whether this is achieved.
“The ILRP must improve the capacity of the ACT to forecast new development by increasing its horizon to 15 years and report against performance annually,” concluded Mr Weller.
With the Tasmanian Liberals announcing today that if re-elected they will reinstate the grant for eligible Tasmanians building their first home to $30,000, there is renewed cause for optimism.
“The NSW Government has announced that it will act as guarantor on up to 50 per cent of approved housing projects to bring forward the commencement of new construction,” stated HIA Executive Director NSW Brad Armitage.
The Housing Industry Association (HIA) has welcomed the focus on housing in the 2025/26 ACT budget to be handed down tomorrow, according to HIA Executive Director for ACT & Southern NSW, Greg Weller.
"Today's announcement of skills funding in the upcoming budget is welcomed by the housing industry," said Brad Armitage, HIA NSW Executive Director.