Housing Industry Association

Mm.

So our residential builders feature, which is an annual feature, and it hinges off the data from the Housing Industry Association of WA, which ranks builders by, uh, their starts.

So how's, how many homes they've commenced this year or the last financial year.

Uh, and that's an interesting bit of data in itself.

My question is to the minister representing the Prime Minister, Senator Wong.

The Housing Industry Association has slammed Labor's proposed 30% trust tax warning, and I quote, "Every week the government tells Australians they want more homes.

Every month it seems there's another tax or piece of legislation, sorry, or regulation that makes building them harder." End of quote.

Why is the Prime Minister hitting family-owned building businesses with yet another tax when Australia is already in a housing crisis and desperately needs more homes built?

It should be said it's the best quarter in seven years.

A more sobering view came from the Housing Industry Association, which says, based on the past two years, the government's plan of 1.2 million new homes between 2025 and 2030 is now almost 95,000 behind schedule.

In an economy that's struggling to grow, the HIA notes that if those homes had been built, it would represent around $45 billion extra in the economy.

Now, the problem for the housing minister and the government is that these are backward-looking numbers, and it appears that housing markets have deteriorated as interest rates have risen this year.

Angus Taylor says under his government, migration limits would be linked to housing completions, aiming to reduce stress on housing supply.

Tim Reardon is the chief economist of the Housing Industry Association.

He says demand for housing is so high it could take years before the effects of lower migration would be felt in the housing supply figures.

The growth in population over recent years, uh, has been unsustainable from a housing supply perspective, and even with migration lowered significantly, we will continue to build homes at capacity for at least the next two years.

Yeah, yeah, I know.

Everyone's saying that and I think there's obviously a case for that and that's what the Master Builders Association and the Housing Industry Association are saying.

They're calling on the government to actively recruit tradies.

It's complicated but, yeah, I mean, they need to do it clearly.

According to a 2020, 20-- 2025, this is how angry I am, I can't speak.

2025 report commissioned by the Housing Industry Association, approximately 43% of the cost of a new Melbourne house and land package comprises government tax, regulatory costs and charges.

43%.

And the irony now, the government's like, "You know what we're gonna do? We're gonna just, um, make property way more affordable for the new home buyers." Well, guess what? They can't get in because it- you've just butchered it all.

I'm very privileged to be in the role that I'm in.

And I can certainly tell you when I left school, I didn't write down that I wanted to be the head of the Housing Industry Association here in Western Australia.

And if anything, I kind of have spent a long time in different roles in my career, listening to the challenges that exist, whether it be for people or businesses or the community and trying to find ways to help them solve them.

So it is something that I am really cognizant of.