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“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 has welcomed the Tasmanian Government’s announcement of a Density Incentive Grant Scheme for medium and high-density housing developments.
“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.
In his article today, published on abc.net.au, Alan Kohler states: “In 1999 came the final death knell of housing as a "right", when it became an investment asset after the Howard government halved capital gains tax.”
HIA Queensland Executive Director Michael Roberts attended an event this morning to hear the announcement by Queensland Housing Minister, Sam O’Connor, about the Crisafulli Government's initial steps toward reducing red tape for the home building industry.
“The Queensland Housing Minister’s 'Building Reg Reno' announcement today represent small steps toward a business environment that will support building more homes in our state, but there are many more small steps that will need to be taken,” said HIA Executive Director Queensland, Michael Roberts.