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“It is not only a plan to increase investment in new public and social housing. It also aims to improve the quality of housing data, coordination and planning across all tiers of governments and the formation of the National Housing Supply and Affordability Council,” added Ms Martin.
“This week the Prime Minister, Anthony Albanese MP, noted HIA’s support for the government’s initiatives that aim to see a million homes commence construction over the next five years.
“Mr Albanese also acknowledged “that the key to dealing with the housing issue is supply.””
"The housing crisis is a shared challenge across all tiers of government and the Housing Australia’s Future Fund Bill will provide the framework for reform. It is important the Opposition and the Greens do not delay in passing the Bill.
“HIA looks forward to working with the Australian, state and local Governments to ensure an increase in the supply of new homes,” concluded Ms Martin.
“The HIA Trades Availability Index recorded -0.47 in the December Quarter 2024, representing only a modest improvement in the availability of skilled trades in the second half of last year,” stated HIA Senior Economist Tom Devitt.
“Long-standing constraints on new home building in NSW, particularly land supply and planning system inefficiencies, are locking more and more first home buyers out of home ownership,” stated HIA Executive Director, NSW, Brad Armitage.
HIA has welcomed the Tasmanian Government’s announcement of a Density Incentive Grant Scheme for medium and high-density housing developments.
“Restrictions on lending have been progressively tightened over the past 15 years making it increasingly difficult for banks to lend to first home buyers. Despite this increase in lending restrictions and the cost of lending, mortgage delinquency in Australia remains exceptionally close to zero,” stated HIA Economist, Maurice Tapang.