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“The priority given to focusing on streamlining regulators that interact with businesses in the construction industry is long overdue given the numerous agencies and often overlapping responsibilities.
“Equally the move to substantially cut red tape to let Victorian businesses get on with running and operating their business, rather than continuing to look over their shoulder at more new regulations, is welcomed and something HIA has long been calling for.
“Over recent years there has been major building, safety, small business, energy and planning reforms introduced and have created significant regulatory burden and increased complexity on building homes and running of businesses. Out of date and ineffective home building contract laws are also a significant problem.
“Industry across the board and particularly small business, are struggling under the weight and the cumulative impacts of these reforms and out of date laws.
“This substantial increase in red, white and green tape are hampering the delivery of new homes and adding to cost of living pressures.
“The commitment to halve the number of business regulators is especially welcome. This is a major step towards streamlining systems and processes for builders and homeowners in getting homes approved and delivered faster.
“The announcement also recognises HIA’s call for renewed investment in workforce skills. The investment in a Future of Housing Construction Centre of Excellence will play an important role in training workers in modern construction technologies, such as prefabricated and modular construction.
“If implemented carefully, the changes announced today have the potential to equip Victorian home builders with the skills they need and the processes they want when they interact with their regulators.
“Doing so will free up time, money and resources so they can focus on what they do best – build new homes,” concluded Mr Ryan.
“The RBA decision to keep interest rates in restrictive territory today will not stop the improvement in leading indicators of future home building,” stated HIA Senior Economist Tom Devitt.
In mid-June 2025, the NSW Premier released the Housing and Productivity Contribution (HPC) Works-in-Kind Guideline for public consultation.
Today the State Government announced proposed changes to the regulatory powers to investigate registered builders who may be unable to meet the financial requirements of registration. The announcement also included a long-awaited review of the Home Building Contracts Act 1991 (HBCA) and associated laws.
Housing Industry Association welcomes today’s announcement by the Cook Labor Government to review key aspects of the home building contracts legislation and provide the building regulator with additional powers to work with builders in distress.