“Housing is a national priority and the appointment of Michael Sukkar as Minister for Housing is recognition of this fact,” stated Graham Wolfe, HIA’s Managing Director.
“A well housed population is more productive, cohesive and healthy.
“Independent research shows half of all renters believe they will never afford to buy a home even though over 90 per cent of renters would like to.
“Ensuring timely and cost effective supply of affordable private housing needs strong coordination and delivery across several federal portfolios, state and local governments and industry.
Having a Housing Minister was the first policy imperative in the HIA’s ten point “Home Owner Ship Matters” policy priorities. Providing support for first home buyers to bridge the mortgage deposit gap by side stepping lenders mortgage insurance was our second policy imperative.
Placing housing responsibility with the Assistant Treasure properly reflects the 130 billion dollar contribution that residential building construction makes to the Australian economy and to employment nationwide.
“We look forward to working with Minister Sukkar to develop policies that improve the affordability, without increasing the tax burden, including the development of a new first home loan deposit scheme,” concluded Graham Wolfe.
Source: HIA