Million New Homes Required In 5 Years
New research from HIA confirms a requirement for almost one million new homes to meet Australia’s growing population
Further Weakening For New Home Sales
HIA’s New Home Sales Report released today for the month of May showed a fall of 5 per cent in the sale of houses and units among Australia’s largest builders and developers. Detached house sales fell by 5.3 per cent following a 0.2 per cent decline in April. Multi-unit sales fell by 2.4 per cent, the reverse of a 2.4 per cent rise the previous month.
Early Teething Problems with New Planning System
It is becoming harder to get plans through the planning authority than it is to build a home. Delays and complexity in the planning process are becoming alarming, leading to industry frustration and unhappy clients. These clients cannot understand why the builder is yet to pour the slab and often the builder is unable to explain the hold-ups being perpetrated by the planning authority.
Planning review unnecessary in residential sector
Earlier this year HIA welcomed practical planning reforms introduced by the ACT Government that eliminated the need for public consultation for exempt and complying developments. Public consultation requirements still remain for the more complex or sensitive projects that have an obvious and substantial impact on close neighbours or the community generally.
Boom in Engineering Construction Set to Continue
Sustained growth in engineering construction means that within five years the value of work done could exceed the combined total of residential and commercial building, according to Master Builders Australia, the peak body for the building and construction industry.
COAG initiatives will boost productivity in building sector
Master Builders Australia, the peak body for the building and construction industry, today supported two key initiatives from yesterday’s COAG meeting, which will see the federal licensing of tradespeople and the adoption of uniform Occupational Health and Safety (OHS) laws.
Big Fall in Dwelling Approvals
Dwelling approvals suffered a big fall in April, reversing last month’s surprise increase, according to Master Builders Australia, the peak body for the building and construction industry.
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