REIA has today welcomed the handing down of the Inquiry into housing affordability and supply in Australia (the Report) by the Standing Committee on Tax and Revenue which reported 16 intersecting recommendations for the Federal Government’s attention.
REIA President Mr Hayden Groves said that housing has become a political football at a time housing affordability is decreasing, inflationary pressures are rising and listings across the country remain limited.
He said the fundamentals of supply, affordability and the great Australian dream of home ownership need bipartisan support across Australia.
“The COVID-19 pandemic allowed us to look at housing in an entirely new way and give it the attention it deserved.
“At the height of the pandemic, homelessness challenges were addressed immediately and Australia’s 40,773 strong property management workforce stepped up and managed an imposed rental eviction moratorium.
“17 programs were introduced by States and Federal Governments to assist first home buyer achieve their dream of owning their first home and they returned to the market in droves.”
