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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 NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.
“New home sales rose by 16.5 per cent in the month of April 2025, to its highest level in 12 months,” stated HIA Economist, Maurice Tapang.
The number of homes commencing construction in Australia is set to increase over the next few years, driven by strong population growth, low unemployment, and falling interest rates. However, long-term structural issues continue to pose risks to housing affordability and national supply targets, according to the latest outlook from the Housing Industry Association.