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New ABS data released today shows Tasmanian building approvals for new homes increased by 20.8 per cent in the month of May 2026 to 319.
“Building approvals for new houses increased to a new high in May 2026, up by 3.0 per cent to 10,690, the strongest month since September 2021, while multi-units decreased by 7.3 per cent in the month,” stated HIA Chief Economist Tim Reardon.
Members in the ACT and Southern NSW are advised of a number of new measures that may impact your business in the new financial year.
“Australian businesses are today entering a new phase of regulatory change, with a significant suite of reforms taking effect from 1 July 2026 that will add further complexity and cost to operating environments already under strain,” said HIA Chief Executive Industry & Policy, Simon Croft