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{{propApi.successMessage}} {{region}} Change locationUnlock land supply to support new housing
Unlock land supply to support new housing
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Housing supply is fundamentally linked to land supply yet the supply chain for residential land in Australia remains broken.
The systemic issues arising from the zoning, subdivision and development processes across all states and territories means it continues to take more than a decade to bring unzoned land to market as shovel ready land.
Australia lacks the necessary data that can be relied upon at a national level to plan for Australia’s housing future. While the National Housing Finance and Investment Corporation (NHFIC) has received seed funding to address this issue, a long term, national commitment to the land supply management must be a priority.
The National Housing and Homelessness Agreement provides the necessary foundations for this to occur, but is yet to be directed in a meaningful way by the Australian Government to achieve the outcome.
ACTIONS
Task NHFIC to undertake land and housing data collection in line with the National Housing and Land Supply Strategy.
Prepare an annual report for progress against the National Housing and Land Supply Strategy including reporting on the seven stages of land development. The first report being available by July 2023.