Reforms from the Commonwealth, state, and territory Treasurers that will boost productivity, streamline approvals, and support housing delivery have been welcomed by stakeholders.
This includes Master Builders Australia, with CEO Denita Wawn said the proposed reforms are precisely the kind of measures required to address the growing housing shortage and productivity crisis.
“Our latest forecasts show housing starts fell almost 60,000 short of the Accord’s target in 2024–25, and the gap over five years has now blown out to 180,200 homes,” she said.
“Without urgent reform, the 1.2 million homes goal will not be met.
“Builders are ready to deliver, but they cannot do it alone. The measures agreed by Treasurers to speed up approvals, streamline regulation, advance national licensing arrangements, and incentivise greater use of modern methods like prefabrication will give industry the certainty and capacity to get projects moving.”
SEE MORE: Tradie Tough Tests
The commitment to housing comes after state and territory Treasurers met on September 5th to advance key economic reforms following the Albanese Government’s Roundtable last month.
“Construction employment is near record highs, but productivity has fallen 18 per cent over the past decade,” Ms Wawn said.
“Projects are being held back by long build times and higher costs. Reform is the only way to restore capacity and deliver the homes Australians need.
“Federal–state collaboration will be decisive in meeting housing and productivity goals.”
Master Builders applauded key reforms, including the recognition of international standards, licensing, and streamlined approvals in regulation, as vital steps.
The industry association, which includes 32,000 businesses nationwide, also endorsed the Investor Front Door project which will provide builders and investors clearer, faster pathways to get projects underway.
“These reforms show that governments are listening, and Master Builders will work closely with them to make sure change happens on the ground.”
