Newspaper article The Chronicle (Toowoomba, Australia)

HIA Supports Housing Policy Focus from Federal Government

Newspaper article The Chronicle (Toowoomba, Australia)

HIA Supports Housing Policy Focus from Federal Government

Article excerpt

HOUSING Industry Association, supports the Turnbull Government's focus on first home buyer access and reducing the costs of new housing supply.

HIA Industry Policy chief executive Kristin Brookfield said housing affordability is a dominant and complex policy issue in 2017.

"A suite of policies to address low housing affordability is required and these policies need to come from the Federal government, state governments and from cooperation between the two levels," Ms Brookfield said.

"Changes to negative gearing (and capital gains tax) are not the appropriate policy focus to addressing Australia's housing affordability challenge," she said.

"Reducing the cost of new housing supply and tackling the deposit gap faced by aspiring first home buyers is the appropriate core focus."

With this in mind, Ms Brookfield said a bond aggregator model to increase public and social housing supply is a good start.

"Consideration of allowing first home buyers to access super savings to support a housing deposit is another policy worthy of debate," she said.

"A well-designed housing infrastructure fund must also be part of the Federal Government's consideration.

"A Federal government-backed policy to reduce the price of non-essential infrastructure currently being paid for by new home buyers would play a crucial role in reducing the cost of new housing supply. …

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