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The Housing Statement needs to include a mixture of measures to increase the supply of housing and provide confidence to all segments of the housing industry that they have a bright future.
Ahead of the release of the Housing Statement, HIA has written to the Victorian Ministers for Planning, Housing and Consumer Affairs outlining the six priority areas where reform is needed most to provide confidence and certainty to builders and homeowners.
With recommendations developed by HIA members representing the diversity of Victoria’s residential building industry, HIA’s Action Plan: More Houses for More Victorians identifies the six priority areas industry is looking to the Victorian Government to address in the Housing Statement. They are:
HIA acknowledges the Victorian Government has prioritised housing reform. HIA’s Action Plan is designed to spur this focus and encourage a whole of government approach to addressing housing supply and demand challenges that improve housing affordability and expand housing choice. Doing so will raise economic prosperity, individual wellbeing, and community liveability.
HIA is aware that over the past week members have been receiving a range of advice from suppliers on cost increases to several building materials and other related construction equipment such as skips, plant and equipment hire.
The Housing Industry Association (HIA) has backed Brisbane City Council’s ‘More Homes, Sooner’ plan, warning that community opposition risks undermining much-needed housing supply and worsening affordability pressures across the city.
HIA is aware that industry is raising concerns about price increases to fuel and materials arising from the conflict in the Middle East. To assist members to account and respond to price increases we have prepared information on dealing with cost uncertainties and fluctuations under HIA contracts.
This opinion piece from HIA Chief Economist Tim Reardon responds to the Reserve Bank of Australia Financial Stability Review and discusses how the cumulative tightening of macroprudential settings has increasingly locked first home buyers out of the market.