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{{propApi.successMessage}} {{region}} Change locationBroader reforms needed with the Housing Australia Future Fund
Broader reforms needed with the Housing Australia Future Fund
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“The fact that the Albanese government and the Greens have finally reached an agreement means we are a step closer to getting on with the job of supplying Australians with the housing they need,” added Ms Martin.
“The arrangements mean there is a commitment for a $10 billion investment towards the construction of at least 30,000 social and affordable housing over a five-year period. The announcement of an additional $1 billion will be invested in the National Housing Infrastructure Facility to support new homes also signals the Government’s recognition of the need to deliver homes to those who need them.
“The need for greater housing supply in Australia has become more acutely apparent in recent years.
“The rebound in immigration, acute rental shortages and tight labour markets are fuelling demand for housing across Australia, driving rents and dwelling prices ever upwards.
“It is a relief to see this important enabling legislation has passed through parliament and that the need for greater housing supply across the housing continuum is being taken seriously.
“The Australian government recently announced that it wants to see 1.2 million homes built over the five years starting July 2024, as part of its National Housing Accord.
“It is important to recognise that the commitment to supply 30,000 social and affordable homes via the Housing Australia Future Fund represents only 2.5 per cent of this aspirational target.
“The private sector will still have to do most of the heavy lifting in terms of meeting Australia’s housing needs, and it is being constrained by policy that inflates the costs of home construction and finance.
“Broader reforms are required to reduce these costs and aid the private sector in enabling the delivery of these targets:
- Planning systems need to facilitate more higher density residential development in existing suburbs near jobs and transport.
- The release of greenfield land and provision of infrastructure needs to be expedited.
- Punitive taxes on both investors and owner occupiers need to be abolished and replaced with fairer and broader sources of revenue.
- Financial regulations need to make it easier for banks to lend and potential home buyers to borrow.
“Without these broader reforms, the pressure on social and affordable housing will only increase, and the government’s latest announcement will prove inadequate,” concluded Ms Martin.
1.2 million homes: Actual, Forecast and Target, MAT
For more information please contact:
Geordan Murray
Executive Director – Future Workforce
P: 02 6245 1379
M: 0438 103 651
E: g.murray@hia.com.au
Detached house approvals picking up
“There were 9,490 detached homes approved in the month of April 2025, up by 3.3 per cent compared to the previous month,” stated HIA Senior Economist Maurice Tapang.
State Budget is a missed opportunity to stimulate housing
The Treasurer has handed down the 2025/26 Tasmanian Budget. The Budget focuses on alleviating cost of living pressures, health, education and infrastructure, while mapping out a path to a fiscal balance surplus in 2032/2033.
HIA supports bipartisan approach to planning reform NSW
“The NSW planning system has failed to deliver the number of homes we desperately need and we fully support removing the politics from housing, to address this growing crisis,” said Brad Armitage, HIA Executive Director NSW.
Opposition pledge to remove stamp duty for first home buyers welcomed (Vic)
The Victorian Opposition’s announcement that it would remove stamp duty for first-home buyers spending up to $1 million on a new or existing home if elected at next year’s state election, is a positive step towards improving home affordability,” says Steven Wojtkiw, HIA Victoria Deputy Executive Director.