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The federal government's decision to invest in regional housing infrastructure is money well spent, according to the Housing Industry Association (HIA).
Yesterday, the federal government announced it would build 15,000 new Australian homes in regional areas in a bid to solve the undersupply problem currently plaguing the nation.
HIA managing director Shane Goodwin said while the government's funding was a step in the right direction, Australia needs to create a balance between delivering new housing in urban ‘greenfield' areas and established suburban areas and in regional centres.
"Either way, funding the delivery of necessary infrastructure to support new housing is now the single greatest challenge for governments," Mr Goodwin said.
"The federal government's commitment to assisting regional cities with funding the delivery of necessary infrastructure will help bring forward housing projects without passing the costs onto new home buyers.
"Importantly, today's announcement acknowledges the critically important contribution that federal government must make in funding urban and regional infrastructure needed to facilitate and support the delivery of new and affordable housing."
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