Housing target shortfall an $11 billion black hole for states and territories
New HIA analysis says Australia is falling behind on the National Housing Accord target. The shortfall is put at an $11 billion black hole for states and territories. The analysis follows the latest ABS building activity data.
$11 billion shortfall for states and territories from falling behind on National Housing Accord progress, per HIA
What does Australia falling behind on the National Housing Accord mean for builders?
Builders, carpenters and other residential trades could see more pressure on governments to speed up approvals and incentives, which affects the future pipeline of new-home work.
Key takeaways
- HIA says Australia is behind on progress against the National Housing Accord.
- The shortfall is described as an $11 billion black hole for states and territories.
- The HIA analysis follows the release of the latest ABS building activity data.
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.