subscribe to our newsletter
Another federal housing inquiry gets underway

Another federal housing inquiry gets underway

Australia’s parliament has launched an inquiry into home ownership in a sign that affordability remains a key political issue.

The House of Representatives Standing Committee on Economics will examine current rates of home ownership, demand and supply drivers in the housing market and the proportion of investment housing relative to owner-occupied housing.

It will also look into the impact of current tax policy at all levels and opportunities for reform.

Committee chairman John Alexander said the importance of this issue makes it worthy of a detailed inquiry.

“Home ownership is an issue that lies at the core of the Australian dream and represents the largest investment that most taxpayers will make during their lifetime,” Mr Alexander said.

Another federal housing inquiry, which delivered its final report earlier this month, called for an end to stamp duty.

Housing Industry Association managing director Shane Goodwin said that ensuring strong levels of ownership should be a priority for the government.

Mr Goodwin said the focus in the inquiry on taxation is welcomed as “the disproportionately high tax burden on new homebuilding is one prime reason that many Australians who should be purchasing their first home are not able to do so.”

The committee is accepting submissions until 26 June will present its report in December.

Another federal housing inquiry gets underway
mortgagebusiness logo

Latest News

A newly launched campaign is calling on Australians to write to the Attorneys-General “demanding change” to ensure that bank staff can ...

A community sector and charities specialist is to become the new chief ombudsman and CEO of the newly formed dispute resolutions body, the ...

Submissions are now open for the annual Women in Finance Awards, the prestigious event that aims to highlight the outstanding work of women...

Promoted Stories

podcast

LATEST PODCAST: How the market has changed in the last 25 years, royal commission hearings, broker advocacy

Do you expect access to credit to get harder this year?