Making building more affordable
As part of the Government’s commitment to increase the supply of affordable housing, the Building (Overseas Building Products, Standards, and Certification Schemes) Amendment Bill (Bill) was introduced to Parliament. Its purpose being to remove barriers to new building materials entering our market, resulting in more competitively priced products and greater resilience to supply disruptions. This follows on from a Commerce Commission market study (2022) into residential building supplies, which found a lack of competition in the supply and acquisition of key...