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“There are many existing blocks of land across Victoria that can be subdivided or have a second home, or two new homes built on.
“This policy is something HIA has long called for and it has the potential to deliver thousands of new homes quickly and inexpensively.
“These homes can be built near existing homes, jobs and families. They would allow for a moderate and gradual increase in housing density without unnecessary or excessive disruptions.
”Today’s announcement is an important boost to housing supply and fast track dual occupancy style housing which is an essential missing middle in the housing mix,” concluded Mr Ryan.
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.
HIA has been calling loudly on the State Government to release more land for new housing, as it is a fundamental element in delivering new homes and supporting housing affordability.