Australia should encourage timber homes under AU$10B Housing Australia Future Fund to 'fast track' net zero commitments, help fight climate change, solve housing crisis as population grows: Australian Forest Products Assn.

Sample article from our Housing & Economy

DEAKIN WEST, Australia , September 12, 2023 (press release) –

The Albanese Government should encourage timber homes being built under the $10 billion Housing Australia Future Fund (HAFF) to fast track our net zero commitments and help Australia fight climate change, Acting Chief Executive Officer of the Australian Forest Products Association (AFPA), Natasa Sikman said today.

As Australia’s population grows, to an estimated 31 million in 2030, even more buildings will be needed. Using timber under the HAFF can solve the housing crisis and reduce Australia’s emissions budget.

“We congratulate the Albanese Government securing Greens support on delivery of this landmark policy and with its $10 billion price tag the Government should be considering how to address numerous policy challenges through its delivery. Using Australian grown and manufactured timber in the construction of new homes under the scheme can boost local industry, help the country meet its net zero targets and refocus the need to plant and grow more timber trees to boost future supply,” Natasa Sikman said.

AFPA is also calling for specific policies to increase detached housing alongside ways to drive medium and high-density options. The Government should consider measures to help increase supply to help first home buyers and essential workers access the detached market, while the construction and supply materials industry, including timber, also needs confidence to grow a steady supply of new dwellings.

“The typical timber house frame absorbs 9.5 tonnes of CO2 from the atmosphere, or the equivalent of offsetting the emissions of four petrol powered cars off Australia’s roads for a whole year. When you include other timber and wood furnishings like floors and decks and furniture items, the figure can grow to 25 tonnes of CO2,” Natasa Sikman said.

The construction, operation and maintenance of buildings accounts for almost a quarter of greenhouse gas emissions in Australia. As Australia’s population grows, to an estimated 31 million in 2030, even more buildings will be needed. With the recent National Cabinet target to build 1.2 million new homes over five years under the National Housing Accord this could mean 30 million tonnes of stored carbon in the next five years.

“Timber is the ultimate renewable product and for such a large policy as the HAFF, the Albanese Government should be considering the carbon benefits of the materials being used to build new homes, not just the finished product, in terms of overall benefits to our society,” Natasa Sikman concluded.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Chelsey Quick
Chelsey Quick
- VP Client Success -

We offer built-to-order housing & economy coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.