Powered by MOMENTUM MEDIA
subscribe to our newsletter

Association backs Treasurer on housing affordability

Master Builders Australia CEO Wilhelm Harnisch has said Scott Morrison’s call for national leadership to improve housing affordability is a long-held view of the association.

Mr Harnisch said the core of the housing affordability problem, as identified by the new Treasurer, is the lack of supply to meet the demands of a growing population, and a “regulation modernisation agenda” is needed to improve competitiveness and efficiency.

“Structural reforms to boost housing supply have to be at the core of improving housing affordability. The areas screaming out for reform include the planning, development and approval processes and the cutting of excessive infrastructure charges,” he said.

“This is where national leadership is imperative because the constitutional responsibilities lie with state governments. National leadership will rely heavily on working cooperatively and collaboratively with state and territory governments through COAG [the Council of Australian Governments] and other processes.”

Mr Harnisch said Master Builders has for a long time called for the return of federal national competition policy payments to state and territory governments for individually targeted and permanent structural reforms that remove unnecessary regulations.

Advertisement
Advertisement

PROMOTED CONTENT


“Boosting the supply of both private and public housing is essential to ensure more Australians can have access to appropriate and affordable housing – structural reform is the answer, and not removing negative gearing,” he said.

“Home ownership must remain a cornerstone of Australia’s wellbeing and Australia’s way of life.”

Association backs Treasurer on housing affordability
mortgagebusiness

Latest News

True Savings, a new online brokerage headed by former CBA executive Pete Steel, has entered the Australian mortgage market. ...

Pre-registrations have opened for Citi’s upcoming buy now, pay later offering, Spot., which will launch in October. ...

New Zealand’s central bank is primed to further tighten mortgage lending standards, following concerns with a rise in high-LVR and high-DT...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.