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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.
HIA welcomes the strong start to the Housing Delivery Authority’s (HDA) Expression of Interest (EOI) process, with nearly 100 proposals already submitted, reflecting potential for some 40,000 new homes.
“The announcement of a $10,000 incentive payment to undertake and complete a housing trade apprenticeship, is an important tool in rebuilding the Territory,” said Luis Espinoza, HIA Executive Director Northern Territory.
“Today’s announcement of a $10,000 incentive to boost the number of skilled workers in key housing trades is a welcomed response to the crippling labour shortages the residential building industry has been faced with for decades. HIA has long called for milestone apprentice incentives to grow the domestic workforce,” said HIA Managing Director Jocelyn Martin.
“The median price of land in Sydney is now a whopping $710,000 as people continue to show greater interest in more affordable markets such as the Hunter and Illawarra,” Brad Armitage, HIA Executive Director NSW, said today.