The FBAA has backed the call to create a dedicated federal housing minister to help make property more affordable.
The Senate Economics References Committee’s affordable housing inquiry recommended the move to help provide leadership across housing related portfolios and governments.
FBAA chief executive Peter White
says property is such a complex area that covers a variety of policy from economic to welfare and differs markedly from state to state.
“A dedicated housing minister will certainly help address the key issues of land supply, planning reform and of course financial affordability.”
White says a housing portfolio will also help dispel many myths about property bubbles and rising prices.
“Sydney may be our biggest city but while housing prices there have risen dramatically, the rest of the country remains relatively flat,” he said.
“There are still many ways to keep home ownership within reach. Reduction in stamp duty is just one a new housing minister could look at.”