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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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New home sales remain at near three-year high
“The cycle of ongoing growth in new home sales was broken in July, with a 6.4 per cent fall compared to June,” stated HIA Senior Economist, Maurice Tapang.
Roundtable must declare a battle on red, white and green tape
“If the Economic Reform Roundtable is serious about developing meaningful and lasting change to boost productivity and the economy, then the number one priority must be on cutting the excessive regulation that is crippling businesses,” said HIA Managing Director, Jocelyn Martin.
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.