{"id":115801,"date":"2026-02-07T04:00:00","date_gmt":"2026-02-06T17:00:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/?p=115801"},"modified":"2026-03-20T21:28:55","modified_gmt":"2026-03-20T10:28:55","slug":"housing-starts-rise-but-still-below-target","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/housing-starts-rise-but-still-below-target\/","title":{"rendered":"Housing starts rise but still below target"},"content":{"rendered":"<p>LOWER interest rates have seen the volume of new homes commencing construction increase, but the Housing Industry Association (HIA) has noted they still remain well below the federal government&#8217;s target.<\/p>\n<p>On Wednesday last week, the Australian Bureau of Statistics released its building activity data for the September 2025 quarter.<\/p>\n<p>This data provides estimates of the value of building work and number of dwellings commenced, completed and under construction across Australia and its states and territories.<\/p>\n<p>&#8220;Dwelling commencements in the 12 months to September 2025 increased by 11.2 per cent, compared to the previous year, to 184,460,&#8221; HIA senior economist Maurice Tapang said.<\/p>\n<p>&#8220;The volume of home commencements remains below the 240,000 new homes per annum needed to build to the Australian government&#8217;s target of 1.2 million homes over five years. They also remain below the average volume commenced over the past decade.<\/p>\n<p>&#8220;These are positive signs that confirm our expectation that the number of homes commencing construction will see steady, not explosive, growth over the next couple of years.&#8221;<\/p>\n<p>In Victoria, there were 55,227 residential dwelling commencements in the 12 months to September 25, compared to the 53,721 starts in the previous 12 months \u2013 a 2.8 per cent increase.<\/p>\n<p>Tapang said the growth in the near future was expected to come from a resurgence in apartment construction.<\/p>\n<p>&#8220;Apartment construction remains well below the volume commencing construction a decade ago and is one of the of keys to increasing supply,&#8221; he said.<\/p>\n<p>&#8220;In order to increase the supply of homes, governments need to help lower the cost of delivering new homes to market.<\/p>\n<p>&#8220;Demand is not the challenge. Delivery is. Land supply, infrastructure timing, planning bottlenecks and workforce capacity will shape the 2026 experience more than interest rates.&#8221;<\/p>\n<p>The federal government says it remains focused on boosting housing supply across Australia, with measures including:<\/p>\n<ul>\n<li>Driving action across all levels of government and industry through the aspirational National Housing Accord target<\/li>\n<li>Speeding up construction through planning reform, streamlined environmental approvals and a pause and simplification of the National Construction Code<\/li>\n<li>Growing the construction workforce with Free TAFE and $10,000 apprenticeship incentives for tradies<\/li>\n<li>Delivering 55,000 social and affordable homes for Australians who need them most through initiatives such as the Housing Australia Future Fund, and<\/li>\n<li>Unlocking up to 80,000 new rental homes by cutting taxes for build-to-rent developments and supporting long-term leases.<\/li>\n<\/ul>\n<p>&#8220;These are encouraging figures that show that the reforms federal Labor is leading with our state and territory government partners are starting to bear fruit,&#8221; Housing Minister Clare O&#8217;Neil said.<\/p>\n<p>&#8220;Housing supply is starting to turn the corner, with more home building starting, more tradies on the tools, and ultimately more homes built for Australians.<\/p>\n<p>&#8220;Building more homes is the only way to make housing more affordable long-term, and that&#8217;s exactly what this government is focused on doing.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LOWER interest rates have seen the volume of new homes commencing construction increase, but the Housing Industry Association (HIA) has noted they still remain well below the federal government&#8217;s target. On Wednesday last week, the Australian Bureau of Statistics released its building activity data for the September 2025 quarter. This data provides estimates of the [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/housing-starts-rise-but-still-below-target\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":26,"featured_media":115802,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[19],"tags":[],"post_folder":[],"class_list":["post-115801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Housing starts rise but still below target - Bellarine Times<\/title>\n<meta name=\"description\" content=\"Australian housing starts rise as lower interest rates boost construction, but new home commencements remain below federal targets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/bellarinetimes\/real-estate\/housing-starts-rise-but-still-below-target\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housing starts rise but still below target - 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