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ACT and Southern NSW
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As we approach the end of the first quarter there’s certainly no shortage of issues shaping the outlook for the sector.
The latest GDP figures for the ACT highlight just how challenging the current cycle has become for residential construction. While the headline result showed modest economic growth in the ACT, the detail tells a more concerning story. It shows that it is only growth in government spending propping up the economy, while the private sector is going backwards.
More concerningly, expenditure on new residential building has fallen to a decade low, while spending on renovations has dropped to a 25-year low.
These figures underscore the depth of the downturn currently facing the sector and reinforce why the policy settings around housing supply matter so much.
This was front of mind in our recent Budget Submission to the ACT, where we outlined a number of practical recommendations aimed at restoring feasibility to home building. If the ACT Government is serious about delivering more homes, the industry needs the confidence to invest, employ and take on new projects.
We’re also encouraging everyone in the industry to engage with the current consultation on trade licensing. Whether you’re a tradesperson, contractor, builder, or someone who engages trades, it’s important that the final framework reflects how the industry actually operates.
The consultation process is an important opportunity for industry participants to help shape reforms that will affect the sector for years to come. We’ll be hosting a virtual info session, so keep an eye on your inbox for an invitation.
And of course, it’s not all policy discussions and gloomy economic data. Our Wagga Golf Day on Friday 20 March is just around the corner, and we’d encourage members in the Riverina to get along if you can. It should be a great afternoon on the course and a good chance to catch up with members from across the industry.
As always, thank you for your continued engagement and support.
Geordan Murray
Executive Director
ACT and Southern NSW
Independent economic modelling cautions against more tax on housing in Federal Budget
The following is a joint statement from the Housing Industry Association, Master Builders Australia, Property Council and the Real Estate Institute of Australia.
The impacts of potential housing policy settings
Qaive and Tulipwood Economics have been commissioned by Master Builders Australia, the Housing Industry Association, the Property Council of Australia and the Real Estate Institute of Australia to investigate the economic outcomes of a set of potential alterations to housing taxation policy settings.
New home sales weaken in February following January surge
“New home sales fell by 20.3 per cent in February but remain 27.3 per cent higher than in the same quarter last year,” stated HIA Senior Economist Maurice Tapang.
Apprentice subsidies just one part of the housing solution
The Housing Industry Association (HIA) has welcomed the announcement by WA Premier Roger Cook at today’s HIA State of the Nation breakfast, confirming continued investment in apprentices through the Group Training Organisation (GTO) Wage Subsidy Program.
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Industry Outlook Breakfast
Hear the latest economic forecasts and trends to help you make better business decisions, featuring key presenters from HIA’s Economics Team as well as guest speakers.
Industry Outlook Luncheon
Gain insights into 2026 building forecasts, economic trends and market outlooks at the Cairns Industry Outlook Luncheon. Join HIA experts at Rydges Esplanade Cairns to prepare your business for the year ahead.
HIA Building Women Breakfast
Join the HIA Building Women Breakfast in Adelaide to launch the 2026 SA Building Women Awards. Connect with industry leaders, celebrate women in construction, and be inspired by keynote speaker Alexa Leary.
2026 HIA National Conference
HIA National Conference is a peak annual event for residential building. It’s a golden opportunity to network with the industry, learn what’s next for housing and gain new business-building skills. The Conference concludes with a gala evening dedicated to celebrating the achievements of those nominated for the prestigious HIA Australian Housing Awards partnered by CSR.
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Home of the Year
Winner: Status Living
Apartment Complex
Winner: Milin Builders
Display Home
Winner: PROF HOMES and Architects Ring & Associates
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Silica Awareness
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Beyond 7 Star Energy Efficiency in Victoria
Gain an understanding of Energy Efficiency requirements, including new standards and requirements coming in Victoria, in 2027.
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This workshop provides a detailed understanding of domestic building contracts, using the relevant HIA contract for your region as an example. The contract is explained in full, describing each schedule and clause.
CPC40320 Certificate IV in Building Project Support (Estimator)
This qualification is designed to meet the needs of estimators and schedulers in the building and construction field who may have responsibility for the preparation of estimates and quotations for construction works.
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