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“This policy acknowledges the reality that for many Australians, saving for a deposit is the greatest hurdle to entering the housing market. Allowing first home buyers to access their superannuation provides a practical and targeted solution to this challenge.
“For years, HIA has advocated for innovative approaches to make home ownership achievable for more Australians,” Ms Martin said.
“While this announcement is a good start, there is more to be done. We need strong and decisive leadership to address the complex issue of housing affordability. Declining home ownership rates paint a a bleak picture, with 36 per cent of those under 30 owning a home compared to 50 per cent 30 years ago.
“Beyond this measure, we need to see policies that address land supply, reduce regulatory costs, and boost housing supply to meet the growing demand.
“The decision to enable Australians to invest in their own homes acknowledges the importance of housing as a foundation for financial security and community stability.
“Superannuation is designed to help people plan for their future retirement, there is no better security in your future than owning your own house.
“HIA believes that measures like this, coupled with broader policy reforms, can help to tackle the ongoing housing affordability crisis.
“In the lead up the 2025 election, HIA looks forward to engaging with all sides of politics to prioritise the delivery of housing for all Australians across our cities and regions,” concluded Ms Martin.
“Of the estimated 34,000 apprentices who will commence a construction trade apprenticeship this year, we expect fewer than 20,000 will make it through to complete their qualification. This must improve,” stated Geordan Murray, Executive Director - Future Workforce.
The Victorian Government has extended its stamp duty concession for off-the-plan properties, providing continued financial relief for homebuyers. This initiative aims to support the housing market and make home ownership more accessible.
HIA provided a submission to the National Policy Competition analysis 2025.
As West Australia’s residential building industry continues to grow and evolve, it’s important we take a step back and look at something we often overlook - our mental health.