Government's 1.2 million housing target becomes harder to reach from today
Australia's 1.2 million home target has become harder to achieve, according to HIA Chief Economist Tim Reardon. No further detail is provided in the article about what specific change has taken effect.
1.2 million homes committed to by Australian governments as a national housing target.
From today it gets harder for Australia to build the 1.2 million homes governments have committed too - Tim Reardon, HIA Chief Economist
Why has Australia's 1.2 million homes target just got harder to reach?
Builders and related trades like plumbers and electricians may face fewer new residential projects if the housing target falls further behind schedule.
Key takeaways
- Australia's 1.2 million home target is now harder to meet after a change that took effect today.
- HIA Chief Economist Tim Reardon flagged the milestone as a turning point for housing supply.
- Fewer new builds could reduce work pipelines for builders, plumbers, and electricians.
Related
Construction needs an effective enforcer not a paperwork obsession
The Housing Industry Association (HIA) warns that proposed national construction standards and new procurement rules miss the mark. It says the measures land hardest on home builders and argues for an effective enforcer rather than more paperwork.
Why it matters: Home builders and small residential contractors could face extra compliance paperwork and procurement requirements, adding admin time and cost to jobs without necessarily lifting building quality.
Potential Commonwealth Standards for the Construction Industry
The Housing Industry Association (HIA) says it backs a lawful, safe, productive and sustainable construction industry and has long called for structural reform. It says the consultation on potential Commonwealth standards proposes several measures it is concerned about.
Why it matters: Commonwealth standards could add new compliance requirements for builders and subcontractors across residential construction. The article gives no detail yet, so the practical impact on trades is unclear.
Secure Australian Jobs Framework
The article argues that residential building and its supply chains should be exempt from the Secure Australian Jobs Framework and any related procurement obligations. It says government effort should go towards improving productivity instead.
Why it matters: Builders and the trades working in residential construction could avoid extra procurement obligations and compliance work if the exemption is granted. Otherwise, supply chain and tendering requirements may change.