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The ABS today released its quarterly data on the population and components of change for Australia and its states and territories, covering births, deaths, and migration.
“The Intergenerational Report (IGR) in 2007 projected that Australia’s population would not reach 26.8 million until 2034/35,” added Mr Reardon.
“Underestimation of population growth is a systemic policy failure that compounds the challenge of delivering sufficient housing.
“The ABS projected the national population to reach 26.9 million by the mid-2024, a figure that had been exceeded by the time their announcement was released in November 2023.
“An investment in improving ABS data collection, especially around land and population, could have a greater impact on housing supply than other Australian government initiatives.
“State and local councils cannot be held solely accountable for under supplying homes, without clear guidance on population growth. This is not just a short-term problem emerging due to a spike in population after the pandemic.
“A core component of the Australian government’s initiatives to address the undersupply of housing, including delivering 1.2 million homes, is to invest in improving the quality of data around housing supply.
“An investment by the Australian government in improving the quality of housing data is an important component to addressing this systemic policy failure.
“This should focus on national reporting of land supply to enable performance benchmarking of local councils’ delivery of new homes.
“Good policy decisions require good data".
HIA appeared this week before the Senate Select Committee on the Operation of the Capital Gains Tax (CGT) Discount and delivered the simple message - you don’t fix a housing shortage by taxing housing harder.
The Housing Industry Association (HIA) welcomes the Federal Government’s decision to lift the Home Guarantee Scheme property price cap in Darwin from $600,000 to $750,000
HIA has been working hard for you and your business to ensure the year begins with clear wins for the building industry.
The Housing Industry Association (HIA) says that while new taxes and levies are never a good solution to housing challenges, if the Tasmanian Government proceeds with a Short Stay Levy, the revenue must be used to build more homes, not fund policies that undermine supply.