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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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