From hia.com.au: A report commissioned by the Housing Industry Association reveals that government taxes and regulatory costs now account for $373,000, or 43%, of the cost of a new house and land package in Melbourne, reflecting a 73% increase since 2019.

The report also highlights that obtaining development approval for subdivisions takes a year, with one-third of the time attributed to unnecessary delays, ultimately inflating housing costs.

HIA calls for the Victorian Government to reduce taxes and charges on new homes to improve affordability and increase housing supply.