Urban Development Institute of Australia (UDIA) welcomed the RBA decision to cut the cash rate by 0.25% which will be good news for those struggling to get a foot onto the property ladder and who want a place to call home.
But while we are currently facing an ever-increasing housing supply gap across Australia, we require all levels of Government to prioritise implementing bold initiatives to enable industry to build the homes Australians deserve.
These must include removing the roadblocks such as high construction costs, skilled labour shortages, scarce development-ready land, choked infrastructure delivery, high tax burdens and inefficient planning & environmental approval processes.
“Our advocacy to government at all levels has always been focused on championing initiatives to bolster housing supply, home ownership and the delivery of more diverse, median priced, affordable and social housing,” said Col Dutton, UDIA National President.
It’s clear that now more than ever, Australia’s political leadership needs to do all it can to ramp up delivery of housing for all Australians.
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Rate cut welcomed but roadblocks to housing delivery must be removed
