L-R: Ken Morrison, Hon Julie Collins MP & Mirvac’s Stuart Penklis
This week the Property Council has been in Canberra talking housing policy with the Government.
Housing was a centrepiece of last month’s federal budget, with a new ‘housing accord’ announced with the states and territories and more detail on the Government’s new housing architecture provided.
Since then, we’ve been providing advice on the shape of the soon-to-be-announced National Housing Supply and Affordability Council, which we hope will be an important source of policy advice to government.
We had the opportunity to discuss these and other issues with Housing Minister Julie Collins on Monday with a delegation from our Residential Development Council. The new housing architecture being set up by the Government has a lot of potential, but it will also be important for this potential to be realised.
Later today we will be meeting with Treasurer Jim Chalmers to discuss how best to achieve the Government’s aim of getting more institutional investment into at-market and affordable housing. This will also be the primary focus of the Treasurer’s Investment Roundtable meeting on Friday which I will be attending.
Build-to-rent has been a key theme in our discussions as the Government looks to review barriers to institutional investment. We will continue to advocate for a level playing field, which is a crucial pillar in bringing more rental stock online.
Action on housing remains vital for the country and it is pleasing to see this as top of mind for the Government. The property industry stands ready to assist.
