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{{propApi.successMessage}} {{region}} Change locationReview of housing agreement confirms change is needed: HIA
Review of housing agreement confirms change is needed: HIA
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The 612 page report contains 37 recommendations across the array of issues impacting housing supply and affordability.
“HIA is pleased to see the Commission confirm our view that the existing Agreement is not delivering improvements to housing supply and therefore not improving housing affordability for both owners and renters.
“The Commission has taken on board many of the issues in HIA’s submission and agreed with many of the concerns raised.
“The Commission rightly points out that the existing Agreement is operating as a ‘funding contract, not a blueprint for reform.’
“One of the key points made is that “improving the capacity of low-income renters to pay for housing and removing constraints on new housing supply are key to making housing more affordable.” HIA agrees.
The Commission also acknowledges the importance of home ownership and raises concerns about the ongoing decline in ownership rates.
“Declining home ownership rates will see more pressure on the other segments in the housing continuum. Those Australians seeking private rental housing or needing support from governments will only grow larger.
“Now is the time to find solutions to ensure the supply of housing in each segment of the housing market – from private ownership to social housing – is adequate, year on year, to deliver a genuine, sustainable improvement in housing affordability for all.”
The Report also confirms that the current Agreement will be extended until 2024.
“HIA looks forward to working with the Australian government as they prepare the new Agreement, in parallel with progressing the new National Housing and Homelessness Plan, the establishment of Housing Australia and the Housing Australians Future Fund. A new Agreement must look to create a targeted, measurable and effective improvements in housing supply.”
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Victorian home buyers rush to avoid building code changes
“New home sales in Victoria jumped by 34.9 per cent in April, as home buyers rushed to get ahead of the new building code changes expected to add around $25,000 to the cost of building a new home,” stated HIA Victoria Executive Director, Keith Ryan.
Home buyers rush to beat building code changes
“New home sales jumped by 22.1 per cent in April, as home buyers rushed to get ahead of the increased government regulations expected to add around $25,000 to the cost of building a new home,” stated HIA Chief Economist, Tim Reardon.
Reserve Bank Assistant Governor gets it right on housing
“Reserve Bank Assistant Governor Hunter, in her address today in Hobart, rightly identified that the home building industry has faced a ‘perfect storm’,” said HIA Senior Economist, Matt King.
Submission to the Strategic Review of the Australian Apprenticeships Incentive System
Many leaders within today’s housing industry began their careers in apprenticeships. Earning a trade qualification not only provides a valuable skillset, but it also opens up a wide range of career opportunities. HIA seeks to ensure workers beginning a career in the industry today have access to the wide range of opportunities on offer in our industry.