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Housing affordability is a reflection and a consequence of the level of housing supply at a point in time.
While many other factors influence affordability, achieving an improvement in home ownership begins with taking actions that can deliver a responsive supply chain for new land and housing, in all forms, in all locations, year on year.
Australia’s planning system underpins our ability to achieve a stable supply of new housing each year. The planning system has been overloaded by an expectation that it can be all things to all people – it cannot, and it should not, be used in this way. The planning system must deliver land owners a level of certainty that supports building the homes we need, in a timely way. The planning system must add value, not create costs, add taxes and become the reason housing affordability declines.
Governments must focus on supporting actions that reduce the complexity of the planning system, create certainty for all stakeholders and wind back the undue expectations on new home buyers to pay now for the needs of future Australians.