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{{propApi.successMessage}} {{region}} Change locationACT needs a housing 'super portfolio'
ACT needs a housing 'super portfolio'
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“It makes no sense to industry that Housing, Building, City Services and Planning portfolios are all held separately.
“This approach creates significant inefficiencies and duplication of processes, which must be addressed if the ACT is to solve the housing crisis in the Territory.
“As we lead into this year’s Territory election, HIA is calling on the next ACT government to create a housing ‘super portfolio’ that brings all relevant housing portfolios together under a single Minister whose primary objective is to increase housing supply and put downward pressures on housing affordability.
“One Minister with a clear line of sight of all key portfolios for housing delivery that can really drive the housing agenda, and be a champion for builders, homeowners, renters are what we are calling for.
“With an election approaching and a new ministry to be appointed regardless of the outcome, we are urging the incoming government to give one person the job of solving housing in the Territory,” concluded Mr Weller.
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Skilled trades shortage set to worsen without policy changes
“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.
Home ownership gets even further out of reach for first home buyers in NSW
“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 welcomes government support to address the ‘Missing Middle”
HIA has welcomed the Tasmanian Government’s announcement of a Density Incentive Grant Scheme for medium and high-density housing developments.
Lending restrictions should be eased
“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.