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HIA News ·

Major Victorian parties listening but key housing reforms still needed

The Housing Industry Association says both major Victorian parties have responded to pressure over the state's housing shortage with a range of announcements. With under a month until the state election, it says key housing reforms are still needed.

What do the Victorian election housing promises mean for builders and tradies?

Victorian builders and residential trades could see changes to housing policy and work pipelines after the election. The available text is truncated, so the specific measures aren't confirmed.

Key takeaways

  • The HIA says both major Victorian parties have responded to pressure on housing supply.
  • Victorians head to the polls in less than a month.
  • The HIA says key housing reforms are still needed despite the announcements.
VICbuildingregulatorybusiness

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Why it matters: Changes to industrial relations and workers' compensation rules could affect builders and other trades that employ staff or subcontract. Details are unclear, so employers should watch the bill's progress.

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The NSW Government has announced changes to the Home Building Compensation Fund (HBCF) requirements for Class 2 building projects. The article gives no detail on what the changes are.

Why it matters: Builders and contractors on Class 2 projects (apartment buildings) in NSW may face different HBCF insurance requirements. The specifics are not yet clear from the article.

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HBCF Insurance changes for apartment projects is great news for feasibility

The NSW Government will remove the requirement for Home Building Compensation Fund insurance on low-rise apartment building projects. HIA NSW says the change will help deliver more homes.

Why it matters: Builders and developers in NSW working on low-rise apartments may see lower upfront insurance costs and better project feasibility. That could mean more apartment work for builders and the trades they hire.

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