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This year’s State Budget has largely missed the opportunity to improve the environment for home building and contains negligible measures to increase housing supply, address housing affordability and lower the costs facing new home builders.
The current severe storm conditions across NSW can wreak havoc on construction sites and can raise concerns from owners in recently completed homes.
“The outlook for home building in South Australia has taken a marked step up in recent years, as economic and policy dynamics increasingly shift in the state’s favour,” stated HIA Senior Economist Tom Devitt.
“The Housing Industry Association (HIA) welcomes the announcement of all key housing policy functions within the Federal Government to come under a single Ministerial portfolio focused on boosting housing supply,” said Jocelyn Martin, HIA Managing Director.