Home Residential Development Council Chief Executive | Don’t despair – the major parties know supply is king

Chief Executive | Don’t despair – the major parties know supply is king

  • April 16, 2025
  • by Mike Zorbas
Aerial view of a construction site featuring multiple houses and vacant lots under development.
The major parties push for unprecedented housing supply and planning reforms to meet Australia's growing needs.

Both parties have done more on housing supply and planning over the past federal parliament than they have done at the national level in 50 years.

But we must keep pushing the boulder up the hill.

That is why – against the backdrop of this weekend’s housing announcements – we have championed doubling the federal housing and planning reform incentive bonus.

This would accelerate $6 billion onto the table for states who are tracking to build their fair share of the 1.2 million homes target. It would allow states to better resource their planning departments and local government to plug the housing deficit.

Our thought leadership also has the fresh backing of key independents like Allegra Spender.

We have always said that any demand schemes should be regularly reviewed in case they overheat key markets and called for early industry involvement in scheme design.

Equally, we understand the fiscal concerns of the eminent Greek chorus of economists and civic leaders – Henry, Richardson, Parkinson, Stutchbury, Kohler, Eslake, the list goes on…

They do not like general profligacy, and they don’t like even-targeted demand-side stimuli into largely healthy (not Victoria) and inflation-sensitive markets. Bigger still, they want systemic tax reform, and they want it now. We want it, too. Let us make the GST great again (15+ per cent, broadest possible base, broader safety net)…100 per cent.

And yet the forest-not-the-tree view on housing and planning remains that ‘more supply and planning reform’ has never been so clearly understood let alone championed by key decision-makers, nor so heavily backed with policy and cash.

Next step – convincing our future rulers that Australia’s prosperity continues to rely, in large part, on better attracting investment from overseas to build the city assets we need.

No doubt the Greek chorus will agree.

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