ACT set to welcome Building Act changes

The ACT will soon be welcoming changes to the Building Act in a move that could help transform the way in which Belconnen real estate is constructed. The Housing Industry Association (HIA) explained that for the legislation to have the best effect, it needs to be well thought out and implemented.

Executive director Greg Weller noted that adding yet more red tape to building processes isn't an option, while efforts should be made to ensure building costs don't escalate further. This way, the sector can make sure that enough homes are provided throughout the ACT – and most importantly at a price that people are willing to pay.

"The key to ensuring that the ACT has a high-quality building system starts at the process of issuing licences, which is an area that probably could have had more attention the past," Mr Weller said.

How is the building industry performing?

December figures from the Australian Bureau of Statistics show that construction work has largely gone from strength to strength across the country. Between the December quarters of 2014 and 2015, the total value of building work done was up 4.2 per cent in trend terms.

Residential construction was the standout performer with a 9.3 per cent rise, while the total number of dwelling units commenced increased 4.6 per cent.

The HIA believes that when the Building Act changes come into force, they must make sure that it's easier to construct different housing types. As a result, the amount of regulations needed to build detached houses should be on par with those related to building apartments.

For helping buying property or finding houses to rent in Belconnen, make sure you give us a call. We're available to help you narrow down your options and find a property that fits the bill.