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“The release of the Productivity Commissioner, Peter Achterstraat’s paper Building More Homes Where People Want to Live reinforces the need for turbocharging housing supply in NSW and particularly Sydney”, says HIA NSW Executive Director, David Bare.
“The paper highlights that the best way to make housing more affordable is to build more homes and this requires more efficient land use in Sydney. This means higher density housing to deliver greater supply and improved affordability. Whether that be more apartments closer to the CBD and transport hubs, or low-rise medium density housing types in existing suburbs. It is the first of a number of papers to be released by the Productivity Commission on the housing supply crisis facing the state.
HIA has long advocated for medium density housing in areas where high density is not an option and was instrumental in the development of the State’s Low Rise Housing Diversity Code. However, this code has struggled against backlash from councils for years. It is refreshing that the paper highlights the need to build more townhouses, dual-occupancy dwellings and granny flats.
We need more supply in all forms of housing, be it apartments, medium-density, or greenfield detached housing. The challenge is ensuring that the settings are in place to deliver.”
The housing industry is calling on the Australian Government to allow self-managed super funds (SMSFs) to continue borrowing to build new homes, at least until the impact of its new borrowing restrictions on housing supply is independently assessed and made public.
“HIA welcomes Senator Andrew Bragg putting National Construction Code reform squarely at the centre of the housing affordability and productivity debate,” said HIA Chief Executive – Industry & Policy, Simon Croft.
HIA has welcomed the interim report of the Senate Select Committee on Productivity in Australia, saying it confirms housing affordability and supply are now critical determinants of the nation's economic performance.
Ahead of Victoria's November election, the Housing Industry Association (HIA) is calling on all political parties to commit to one simple, low-cost principle that would provide immediate relief to the state's housing sector and small businesses: do no harm.