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{{propApi.successMessage}} {{region}} Change locationState of the Housing System Report
State of the Housing System Report
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The National Housing Supply and Affordability Council released their “State of the Housing System” report in Sydney today.
“The Report includes forecasts of housing demand that fall significantly short of what is required. The underestimating of demand is one of the reasons local councils have continually under-supplied land for development over recent decades.
“Success however, isn’t in meeting forecasts set out in a report, but in ensuring that rental price growth, and house price growth are constrained. This will require all tiers of government to work toward increasing supply of housing to ensure that rental properties are more readily available in the future.
“Success is a rental vacancy rate above 3 per cent in every local council across the economy.
“The acute shortage of housing stock has led to rental vacancy rates across the country approaching zero. This leads to very inequitable outcomes.
“Policy initiatives outlined in the report, however, are warranted.
“The ten areas that can improve housing outcomes listed in the report include positive initiatives to increase public housing stock, improving land use and planning systems, boosting building capacity and improving the quality of housing data.
“Increasing housing supply to meet underlying demand will require the Government to achieve their goal of building 1.2 million homes and continuing to grow the volume of home completions thereafter.
“Reliable data on the availability of developable land is necessary to improve the supply of new homes. The lack of this data is one of the systemic failures of the current housing system.
“The availability of skilled labour is constraining housing supply in 2024, especially for apartments in capital cities, where the demands from new migrants is most acute.
“Proposals to impose performance-based outcomes on local councils is a necessary step for the Australian government to force the increase in the supply of new homes.
“In addition to these proposals, taxation of homes results in fewer new homes being built. Governments of all tiers can increase the supply of housing by lowering the taxes, fees, charges and restrictions on new homes,” concluded Mr Reardon.
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Population data highlights contradiction in government policy
“Australia’s population reached 27.4 million by the end of 2024, up by 445,900 people, or 1.7 per cent for the year,” stated HIA Senior Economist, Tom Devitt.
Tasmanian Election - Stadium or no stadium we still need housing
The Tasmanian election that no-one wanted to have is in full swing, and while the limited campaign period is unlikely to provide the usual platform to promote key policies and reforms, HIA is calling on both major parties to prioritise housing policies given the significant challenges across the state.
‘Getting Keys in Doors’ shouldn’t be this difficult
“Our dated and complex planning system is littered with speed bumps that could easily be removed”, said Brad Armitage, HIA NSW Executive Director.
New home building contract laws welcomed by HIA
“The Victorian government’s proposal to update home building contract laws to make them fit for use in the 21st century is welcomed by HIA,” stated HIA Executive Director, Keith Ryan.