Ten property leaders react to the 2022-23 federal budget, which expanded the Home Guarantee Scheme and added $2 billion to NHFIC. UDIA national president Max Shifman applauds measures backing housing and construction, restoring migration and removing supply barriers, but says states and territories must now do the heavy lifting.
As I told Australian Property Journal: “The UDIA applauds the Treasurer's 2022-2023 Federal Budget, which backs the housing and construction industry to prime the economic recovery and start tackling the affordability crisis.”
I also said: “The Federal Government Budget delivers on some important areas which will drive the economic recovery, bringing back migration and stripping away some of the barriers to delivering housing supply.”
And I added: “(There are) some positive first steps towards closing the housing affordability gap for Australians. The heavy lifting and leadership is what we now need to see, working with the State and Territory governments to fix housing supply and deliver coordinated city shaping infrastructure and urban development to meet the needs of Australians.”
Australian Property Journal, 30 March 2022 — Read the full article