In the final week of the federal election campaign the Coalition proposed a Super Home Buyer Scheme and lower downsizer age thresholds, while Labor offered shared equity. Industry bodies including UDIA welcomed the demand-side help but said neither party addresses the housing supply shortfall.
As I told Australian Property Journal: “UDIA National State of the Land research indicates that new housing supply will slump as much as 43 per cent in the coming year from a lack of land supply.”
I also said: “With costs and prices exacerbated by continued shortages of materials and labour, we need policies that assist with capacity and demand to be linked with those that support more of the right housing being built”
And I added: “Federal political leadership should incentivise states and territories to boost development ready land, fast-track enabling infrastructure and streamline planning and approvals to maximise housing affordability.”
I went on to say: “This includes complementary initiatives that incentivise state and territory governments to increase stamp duty thresholds, so selling a house is not penalised by high transaction costs”
Australian Property Journal, 16 May 2022 — Read the full article