Real Estate Institute of Australia (REIA) has welcomed key new housing developments from the Australian Parliament across superannuation and social and affordable housing.  

REIA Deputy President Leanne Pilkington said the news the Government will achieve a majority in the Senate for the Housing Australia Future Fund as well as changes to the First Home Super Saver are sensible steps forward to achieve a home for all Australians.  

First Home Super Saver Scheme (the Scheme)  

“The proposed change to the First Home Super Saver Scheme are welcomed and will – in the current lending environment – allow prospective first-time buyers additional time to access their voluntary superannuation savings to help form a deposit.  

“This Scheme has long been underutilized by first time buyers and we hope the Governments attention now turns to promoting uptake of this Scheme which is worth up to $10,000 in tax concessions.”  

Housing Australia Future Fund  

“REIA has long argued to fix pressures on the private rental system it is critical to fix supply of social and affordable housing.  

“We welcome the news that the Government has secured the numbers in the Upper House to make this Fund a reality and get more of this accommodation built.  

“We note Adam Bandt continues to argue for rent freezes and rent controls and trust that commonsense will now prevail with both Governments and the Australian public.”