“The Housing Australia’s Future Fund Bill 2023, that failed to pass Parliament at the last sitting, aims to address the affordability problem by increasing the supply of new homes,” said Jocelyn Martin, HIA Deputy Managing Director – Policy & Industry.

“It is not only a plan to increase investment in new public and social housing. It also aims to improve the quality of housing data, coordination and planning across all tiers of governments and the formation of the National Housing Supply and Affordability Council,” added Ms Martin.

“This week the Prime Minister, Anthony Albanese MP, noted HIA’s support for the government's initiatives that aim to see a million homes commence construction over the next five years.

“Mr Albanese also acknowledged “that the key to dealing with the housing issue is supply.”

“The housing crisis is a shared challenge across all tiers of government and the Housing Australia’s Future Fund Bill will provide the framework for reform. It is important the Opposition and the Greens do not delay in passing the Bill.

“HIA looks forward to working with the Australian, state and local Governments to ensure an increase in the supply of new homes,” concluded Ms Martin.