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{{propApi.successMessage}} {{region}} Change locationRecord spend on affordable housing in ACT Budget
Record spend on affordable housing in ACT Budget
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“The package of measures primarily focuses on increasing the supply of social, community and rental housing to improve affordable housing options in the Territory.
“This is a commendable commitment by the ACT Government. It recognises the need for ongoing investment in housing supply and acknowledges the significant shortfall of all forms of housing, but particular housing to support those in our community under the greater housing stress.
“During the Budget briefing HIA highlighted that whilst this is an important initiative, the Government needs to ensure the program does not add more pressure on current labour and supply shortages the housing industry continues to face.
“The ACT Budget also needs to look at complementary policies to this Housing Package, that address the long term skill shortages in the industry. We must continue to bring more apprentices and skilled workers into the industry in the Territory.
The Budget also highlights that over the next five years the ACT Government will release a range of greenfield and infill residential development sites providing capacity for more than 16,000 dwellings.
“Whilst this is a good start, HIA will continue to advocate for increasing the supply of shovel ready, affordable land to keep pace with the current demand for new homes and our expected population growth over the next 2-3 years,” concluded Simon Croft.
For further information please contact:
Simon Croft, HIA Acting Executive Director ACT/Sthn NSW 0417 032 160
Investors vital to increasing housing supply
“Investors were responsible for 41 per cent of new homes financed for construction in the past year,” stated HIA’s Chief Economist, Tim Reardon.
Home building gaining momentum
“The RBA delivered the third rate cut of this easing cycle, bringing their benchmark cash rate down from 3.85 per cent to 3.6 per cent,” stated HIA Senior Economist Tom Devitt.
Have your say on the HBCA!
Following several years of advocacy by HIA, the WA Government recently announced a review of WA’s home building laws, including the Home Building Contracts Act 1991 (HBCA).
Single Home Code another small step in right direction
“The Victorian government’s Single Home Code is another small, but important step, towards improving the Victorian planning system,” stated HIA Executive Director, Keith Ryan.