Post by Housing Industry Association (HIA)

Solving Australia's housing challenge requires industry and government working together. This week, HIA joined with UDIA National and Property Council of Australia at Parliament House to advocate for changes to the proposed housing tax reforms that risk making it harder to deliver new homes. Treasury's own modelling estimates the Budget housing tax changes will reduce housing supply by around 35,000 homes over the next decade. On top of that, restricting SMSF investment in new housing could make it even harder to finance apartment developments and get projects off the ground. The housing challenge won't be solved by reducing investment. It will be solved by policies that give industry the confidence to build more homes. In attendance: Simon Croft, Senator Andrew Bragg, David Tregenza, Oscar Stanley, Andrew Mihno, Tim Storey, Brett Griffith, Terry Portelli, Peter Burgess, James Austin, Richard Webb