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{{propApi.successMessage}} {{region}} Change locationBudget a missed opportunity to deliver a concrete housing plan
Budget a missed opportunity to deliver a concrete housing plan
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“It was pleasing to see boosting housing supply as one of the key policy areas for this Budget, but the polices announced have missed the mark on addressing the key structural reforms needed.
“Australia needs to be delivering a quarter of million new homes year on year to meet our growing population and put downwards pressure on housing and rental affordability.
“Instead, we are facing a shortfall of new home delivery in excess of 70,000 year on year due to government induced roadblocks, chronic skills shortages and the outrageous level of taxes and regulatory barriers being imposed on home building and new home buyers.
“All levels of government have been warned extensively on these key issues and that ‘Business as Usual’ won’t cut it, yet this Federal Budget again delivered a same, same response to addressing the issues.
“Expansion of the Help to Buy (shared equity scheme) and increased funding to support greater uptake of prefab housing are helpful initiatives, but in themselves are not going to shift the dial on addressing the two decade long housing challenges the industry faces.
“If we are to meet the national target of 1.2 million new homes over five years we need much deeper and significant reforms.
This includes:
- Making housing in all forms and in all locations a “National Priority”;
- Implement policies that treats housing as a “critical infrastructure” in the same manner as hospitals, schools and roads and have commensurate long term funding attached to it;
- Address our industries chronic skills shortages that includes a shortfall of over 83,000 tradies;
- Remove the road blocks and barriers to greater housing supply;
- Provide long term funding for key last mile infrastructure to make land shovel ready sooner; and
- Establish financial settings that supports all Australians into home ownership.
“Governments can’t just keep doing more of the same and think it will solve the situation; rather bold and courageous leadership is needed and unfortunately this Budget has missed the mark to deliver a truly transformative package of housing reforms” concluded Ms Martin.
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Housing progress at roundtable important but more work to do
“The Housing Industry Association (HIA) is pleased to see housing feature prominently at this week’s Economic Reform Roundtable particularly on cutting excessive red tape and streamlining environmental approvals, but as Treasurer Jim Chalmers has indicated more work is needed on easing housing construction,” said HIA Managing Director, Jocelyn Martin.
HIA welcomes $50 Million Housing Support Package for Flood-Hit Residents
“As an industry association whose members are embedded in the Hunter and Mid North Coast communities, HIA welcomes the $50 million Housing Support Package announced by the Albanese and Minns Governments,” said HIA Hunter Executive Director Craig Jennion.
HIA welcomes $300 million plantation grant to boost timber supply
“The Housing Industry Association (HIA) welcomes today’s announcement by the Albanese Government in providing $300 million to support Australia’s future wood supply to meet increasing housing needs across the country,” said HIA Managing Director Jocelyn Martin.
HomeGrown grant key to rebuilding the Territory
“Today’s announcement on the successful take up of the HomeGrown Territory grant highlights the importance of this key housing support scheme that is spurring economic growth and kickstarting home building across the Territory,” stated HIA Executive Director - Northern Territory, Luis Espinoza.