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HIA News ·

Molonglo Town Centre moves one step closer

The Housing Industry Association welcomes the release of the Molonglo Town Centre Master Plan, calling it a significant step for Canberra's housing supply and economic development.

What does the Molonglo Town Centre Master Plan mean for ACT builders?

Builders and associated trades in the ACT region will see new work opportunities as the Molonglo Town Centre development progresses, affecting project pipelines and local employment.

Key takeaways

  • The Molonglo Town Centre Master Plan has been officially published today.
  • HIA views the plan as important for Canberra's long-term housing supply.
  • The development is expected to support economic growth in the ACT region.
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Tasmania's failure to build enough homes has cost the state budget an estimated $642 million in stamp duty and GST over the past two years. That is enough to pay the salaries of 2,807 registered nurses for two years.

Why it matters: Builders, carpenters and related trades in Tasmania are affected by the housing shortfall, which points to unmet demand for new construction work. It may also add pressure for policy changes that speed up approvals and building activity.

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Housing industry backs scope 3 rollback to ease growing compliance burden

The Housing Industry Association has welcomed the Federal Opposition's announcement that it would remove Scope 3 emissions reporting requirements. The HIA describes the move as a practical step towards reducing the growing compliance burden.

Why it matters: Builders and other housing contractors, especially those supplying larger firms, could face less emissions reporting paperwork if the rollback proceeds. It is only an Opposition announcement so far, not law.

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Minimum trust tax a new tax on tradies

The Housing Industry Association says the Federal Government's proposed minimum tax on family trusts would work as a new tax on tradies, builders and small family businesses. It also warns the change would create costly complexity.

Why it matters: Builders, carpenters and other tradies who run their business through a family trust could face a higher tax bill and extra compliance costs, which would squeeze cash flow and profit margins.

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