Housing Legislation needs to include measures to offset supply loss
Government housing legislation should include measures to compensate for reduced housing supply expected from negative gearing changes, according to industry concerns about construction pipeline impacts.
Will negative gearing changes reduce housing construction work?
Builders and carpenters may see fewer residential projects if housing supply drops, directly affecting workload and job security in the construction sector.
Key takeaways
- Negative gearing changes are expected to reduce overall housing supply
- Industry calls for offsetting measures in government housing legislation
- Construction sector may face reduced residential project pipeline
- Policy changes could impact builder workloads and employment
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.