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{{propApi.successMessage}} {{region}} Change locationOne million home goal must be pursued for affordability to be realised: HIA
One million home goal must be pursued for affordability to be realised: HIA
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“The passage of the ‘Housing Australia’s Future Fund Bill 2023’ is an important step toward addressing the ongoing decline of housing affordability,” added Ms Martin.
“An inadequate supply of additional housing over many years is the reason why there is intense competition to secure housing. The intense competition is evident across the spectrum of the housing market.
“Tackling housing affordability starts with making the supply of housing a national priority and improving affordability can enable more households to own their own homes. ‘Housing Australia’s Future Fund Bill 2023’ is an important step toward achieving this goal.
“Private and social housing work hand in hand, the more homes on the private market mean cheaper rents for those that can’t afford to buy a house.
“The Bill will seek to create important advisory bodies such as the National Housing Supply and Affordability Council to advise Government on how to increase housing supply.
“All sides of politics should view the passing of the Housing Australia’s Future Fund Bill 2023 as the first step in a long journey to addressing affordability.
“It is important that the role of the Australian Government in addressing the affordability challenge continues to grow with the passage of this legislation,” concluded Ms Martin.
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HIA puts housing at the top of the agenda for ACT election
The Housing Industry Association ACT and Southern NSW region has released its full 2024 ACT election priorities to address the issues facing housing and residential construction in the capital.
All Hands on Deck
Trade shortages loom as a major threat to the Housing Accord’s target of building 1.2 million homes over the next five years. The target equates to an average of 240,000 homes per annum and Australia has only come close to this level of home building on two occasions in the past. The first was in a single year at the peak of the apartment boom of the mid-2010s (232,000 in 2016), and the second was for a single year at the peak of the COVID era cycle (228,000 in 2021).
Diversity, Equity and Inclusion
This policy reflects HIA’s commitment to fostering a more diverse and inclusive residential building industry. HIA supports efforts to work with government and industry to encourage cultural change and broaden opportunities for all individuals.
'Housing crisis' the number one priority for next ACT Government
The Housing Industry Association is calling on the next ACT Government to address the housing crisis currently confronting the nation’s capital.