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$vuetify.icons.faPhone1300 650 620

Making housing supply a national priority

Media release

Making housing supply a national priority

Media release
Eighty-five percent of renters today aspire to own their own home, yet just 42% of renters believe they can achieve their dream.

“Today’s announcements by the Australian Labor Party recognise that Home Ownership Matters for so many Australians,” said Graham Wolfe, HIA Managing Director. 

“Seventy-five percent of Australians believe that ‘everyday Australians’ should be able to own their own home, while 69% of Australians believe there is a role for governments to help people become homes owners. 

“The policies announced today recognise HIA’s top three election imperatives - to make housing supply a national priority, to unlock land supply to support new housing and to support home ownership. 

“The proposed ‘Help to Buy’ shared equity scheme offers a sensible first step that mirrors existing schemes in Australia and overseas. As a small and targeted government backed scheme it offers the chance for low and moderate income households to achieve their dream of home ownership. 

“HIA has supported the work of the National Housing Finance and Investment Corporation (NHFIC) since it’s creation and we have called for its role to be strengthened to help better understand housing and land supply data nationally. The persistent lack of reliable data being shared by states and territories needs to be addressed.

“The commitment to create a National Housing Suppy and Affordability Council within NHFIC is a practical way to increase their role and access this data. It is important that a new council be focused on real industry knowledge and more importantly on accessing accurate, timely and regular land and housing data. 

“HIA has also called for a National Housing and Land Supply strategy to provide national coordination and oversight of housing issues. The National Housing and Homelessness Plan takes up this imperative and it is encouraging to see industry involvement in such a plan being recognised. 

“More than 1 million people are engaged in residential building work across Australia every day helping hundreds of thousands of people realise their dream of home ownership. 

“Making housing supply a national priority simply makes sense. It will support individuals, businesses and the Australian economy in the years ahead. 

Read more about HIA’s federal election imperatives.

For more information:

Graham Wolfe

Managing Director

Joe Shanahan

Manager, Media and Government Relations
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