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While recognising a number of measures announced to support housing prior to the ACT formal release budget, the Housing Industry Association (HIA) has expressed concern at increases in a number of taxes and fees, which will all add to the cost of home building.
The ACT Government has released the 2025/26 budget, a first for incoming Treasurer Chris Steel MLA. Following is an overview of the budget, along with residential building industry specific outcomes.
With the Tasmanian Liberals announcing today that if re-elected they will reinstate the grant for eligible Tasmanians building their first home to $30,000, there is renewed cause for optimism.
“The NSW Government has announced that it will act as guarantor on up to 50 per cent of approved housing projects to bring forward the commencement of new construction,” stated HIA Executive Director NSW Brad Armitage.