Powered by MOMENTUM MEDIA
subscribe to our newsletter

Housing affordability becomes worldwide concern

The International Housing Association (IHA) has issued a worldwide call to improve housing affordability during its 2015 interim meeting held recently in Canada.

IHA members have agreed to pursue various actions to help advance housing affordability across the world, which include sharing successful tools and strategies and addressing practices which directly and negatively impact housing affordability.

The Housing Industry Association (HIA) – a member of the IHA – said it supports the international association’s affordability agenda.

“The IHA defines housing affordability as the availability of housing which is reasonably adequate in standard and location for lower- or middle-income households and does not cost so much that a household is unlikely to be able to meet other basic needs on a sustainable basis,” HIA spokesperson Kristin Brookfield said.

“As we talk to other housing organisations across the globe, it is clear that there are common issues impacting on affordability, such as taxation on new housing and excessive charges for related infrastructure.

Advertisement
Advertisement

PROMOTED CONTENT


“Through sharing strategies to address affordability internationally, it is hoped we can all benefit from new approaches and learn from the mistakes of other countries,” she said.

Housing affordability becomes worldwide concern
mortgagebusiness

Latest News

The prudential regulator has written to ADIs to ensure that they are proactively managing lending risks and focusing on lending standards am...

As it waits for APRA to approve its acquisition of MyLife MyFinance, Challenger has flagged plans to expand the bank’s lending remit to co...

Australia has the second-highest mortgage debt as a proportion of GDP among OECD nations, according to a new report. ...

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.