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NSW Election Imperatives

HIA Policy Imperatives - Housing supply and home ownership matters.

NSW Election Imperatives

HIA Policy Imperatives - Housing supply and home ownership matters.

As interest rates rise and cost of living pressures increase on households, housing affordability and supply has emerged as one of the most important challenges for the State of NSW.

Governments turned to the housing sector during the pandemic to support employment and economic activity, largely on demand side stimulus measures. Our industry rose to that challenge and delivered record activity levels generating $36 billion in economic activity and employment for over 350,000 people in NSW last financial year alone. However, the unforeseen impacts of rising input costs, supply chain constraints and labour shortages have squeezed profit margins for builders. Some are calling it a profitless boom.

The NSW election on March 25, 2023 will be fought on cost-of-living pressures and housing affordability. HIA is lobbying political parties to focus on housing supply initiatives to address these challenges and to address them quickly. Our policy imperatives outline the importance of targeting supply, increasing speed of delivery, making it easier for businesses to operate and to reduce the regulatory burden on the sector as we emerge from the impacts of COVID-19 and supply chains start to normalise.

David Bare

Executive Director - NSW
The NSW election on March 25, 2023 will be fought on cost-of-living pressures and housing affordability. HIA is lobbying political parties to focus on housing supply initiatives to address these challenges and to address them quickly.

The importance of home ownership

Home ownership is the bricks and mortar that has helped Australia build a stable and vibrant society.

As the opportunity to own a home in Australia becomes more challenging, and the type of home many families aspire to is changing shape, evidence shows that an overwhelming majority of Australians agree: home ownership matters.

Throughout an individual’s life their housing requirements change, affecting the type of house they seek. Housing affordability is improved as a consequence of an adequate housing supply at an appropriate price for each cohort of the housing continuum.

The importance of home building

Delivering new homes to provide quality and affordable shelter for all is the fundamental driver for the housing industry in New South Wales.

The economic multiplier effect for New South Wales that residential building creates through construction jobs, off site management and administration, the manufacture and supply of building materials, professional services and retail activity, is well understood.

It is critical that New South Wales leaders understand the opportunity that exists in supporting residential building over the next term of government and commit to policies that promote both new housing demand and new housing supply to meet that demand.

HIA’s affordability agenda

Housing supply and home ownership matters.

#1. Improve housing affordability by increasing housing supply

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#2. Bring more "shovel-ready" land to market

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#3. Develop a planning system that supports housing delivery

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#4. Let businesses recover and thrive

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#5. Build a skilled workforce and keep our workers safe

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NSW housing facts

Share with your network:

For further information contact:

David Bare
Executive Director, HIA New South Wales
02 9978 3304
d.bare@hia.com.au
#housingnsw #housingaffordability

Authorised by David Bare of the Housing Industry Association Limited. 4 Byfield Street Macquarie Park NSW 2113.