Friday 28 July 2023
MEDIA RELEASE
Property Council: housing fund will be ‘shot in the arm’ for housing supply
The Property Council of Australia has welcomed the Australian Government’s renewed attempt to pass the Housing Australia Future Fund (HAFF) through the Australian Senate as the country faces an increasing housing supply shortage.
Property Council Chief Executive Mike Zorbas said every effort was required to close the housing deficit.
“The HAFF is the shot in the arm the nation needs to close the housing deficit,” Mr Zorbas said.
“The 30,000 new social and affordable houses that hang in the balance need to be green-lighted by all Senators as soon as possible.
“Beyond the HAFF, the fastest paths to new housing remain setting housing targets, creating incentives for more supply and fixing broken state planning systems.
“We also need governments to boost helpful asset classes like purpose-built student accommodation, retirement living communities and build-to-rent housing,” he said.
ENDS
Media contact: Rhys Prka | 0425 113 273 | [email protected]
Ellie Laing-Southwood | 0416 007 830 | [email protected]