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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.
The Housing Industry Association (HIA) is marking International Women’s Day by recognising the growing contribution of women in Australia’s residential building industry and encouraging more women to consider a career in construction, said HIA Managing Director Jocelyn Martin.
As a result of consistent and forthright HIA advocacy, the Victorian Government has extended by two weeks the time available to industry to provide feedback on proposed new minimum financial requirements (MFRs) for home builders.
International Women’s Day Spotlight: With Managing Director of PIQUE, Jess Berry
Less than a month now until the state election and the announcements from the political parties are coming thick and fast.