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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.
“Today’s announcement from the Labor Government of $78 million in funding to fast track the qualification of up 6,000 tradies is an important initiative which will help get more homes built quicker,” said HIA Managing Director, Jocelyn Martin.
“As Prime Minister, how would you stop state governments from continuing to increase the taxes on new home building and adding additional red tape?”, asked HIA’s Managing Director, Jocelyn Martin.
Interested in obtaining your commercial building licence? You may benefit from recent changes to the experience requirements.
As we head into the Easter and ANZAC long weekends, the team at HIA wishes you a safe, relaxing, and well-deserved break with your loved ones.