New Cabinet met with optimism

By |

Following the Labor Party leadership spill that rocked Australia last week, the housing industry has labelled Prime Minister Julia Gillard’s newly announced appointments as an “opportunity” for housing.

The new-look Cabinet sees Brendan O'Connor appointed Minister for Housing and the Homeless, as well as Minister for Small Business.

O'Connor replaces sacked Kevin Rudd supporter Robert McClelland in the housing role, and takes over the small business portfolio from retiring Senator Mark Arbib.

In spite of the drama surrounding the roles, Housing Industry Association chief executive Graham Wolfe said the housing and small business portfolios are a natural fit.

"The Australian housing industry is made up of around 85% small business. By combining these two portfolios, Mr. O'Connor has the unique opportunity to promote much needed policy initiatives and programs across small business and residential building," Wolfe said.

Wolfe praised Gillard's move to keep the housing portfolio in cabinet, and the decision to elevate the small business portfolio to cabinet.

"The housing industry puts around 400,000 Australians into new homes every year and creates thousands of new jobs. Housing is a staple of life that drives both economic and social outcomes. Yet Australia is facing both a housing shortage and affordability challenge, which needs urgent attention.

“We look forward to meeting with Mr O’Connor to discuss the many pressing policy areas that need to be addressed to revitalise the residential housing industry," Wolfe said.

 

More stories:

Building approvals remain weak despite NSW boom

Lucky country lacking housing

New home sale declines led by Vic

 

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Top Suburbs : padbury , albion , mt lawley , tweed heads south , chermside

go back

Get help financing your investment



Do you need help finding the right loan for your investment?


When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here