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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.
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.