The Coalition has launched its housing policy on the eve of the federal election.
The policy launch, which comes hot on the heels of industry criticism of political silence on housing issues, promises to 'attack the problems that reduce housing affordability'. Amongst the Coalition's proposals are the introduction affordable accommodation targets for each state or territory over five years with the continuation of federal funding conditional upon the improvement of planning and approval processes, the introduction of 'affordable housing vouchers', and the establishment of a State-based register and tenancy management system of affordable accommodation.
The policy announcement has been well-received by industry bodies: Real Estate Institute of Australia president David Airey said he was "pleased" that the Coalition had addressed supply side issues.
"The REIA supports the Coalition’s proposal to encourage states, territories and local government to release land, cut red tape, improve planning processes and reduce charges," he continued.
However, Airey noted that the Coalition’s proposal to establish an affordable housing voucher scheme is dependent upon cooperation and investment by the State and Territory governments, and bemoaned the lack of measures targeted at first-time buyers.
Housing Institute of Australia CEO Graham Wolfe said that the policy provides "a good foundation" towards meeting the nation’s housing supply challenges.
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