Powered by MOMENTUM MEDIA
realestatebusiness logo
Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Premiers to take reigns on housing

08 December 2009 Reporter

The Rudd Government has declared housing a priority for 2010, as a lack of supply and an increase in population drags affordability downwards.

From the beginning of next year, premiers and chief ministers agreed treasurers, rather than housing or planning ministers, will develop a reform agenda to tackle housing supply and affordability issues.

In a joint statement released by Kevin Rudd and Treasurer Wayne Swan, the government said every jurisdiction recognised that addressing housing supply is central to the challenge of ensuring housing remains affordable in the future.

“Ensuring an adequate supply of housing as our population expands in coming decades is also a key economic challenge, impacting on the mobility of our labour force and our capacity for sustainable growth,” the statement read.

Advertisement
Advertisement

According to the statement, premiers and treasurers will be asked to utilise the land audits recently undertaken by the Commonwealth and state and territory governments to progress the release of surplus land; implement more efficient approaches to Development Assessment processes; and develop a timetable for housing policy reform for consideration at the first COAG meeting in 2010.

Premiers to take reigns on housing
default
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.