Tuesday 20 December 2022
MEDIA RELEASE
PROPERTY COUNCIL WELCOMES INTERIM NATIONAL HOUSING SUPPLY AND AFFORDABILITY COUNCIL
The Property Council of Australia today welcomed the establishment of the interim Housing Supply and Affordability Council by Federal Housing Minister Julie Collins as an important step forward in addressing the nation's housing shortage.
Property Council of Australia Chief Executive Ken Morrison said the independent advice of the newly formed council will be critical in addressing the growing housing supply and affordability gaps.
"The interim Housing Supply and Affordability Council will ensure the government's ambition to boost housing supply and affordability is supported by expert independent advice," Mr Morrison said.
"In selecting a leader as well-regarded and experienced in creating housing supply as Susan Lloyd-Hurwitz, the Minister has demonstrated her serious intent to tackle one of the country's most persistent public policy challenges.
"These nominations to the interim Council will enable the Federal Government to strengthen its role in addressing the need for affordable and social housing over the next few decades.
"The sustained support and goodwill of state, territory and local governments via the new Housing Accord will also be essential to making headway," he said.
Ms Lloyd-Hurwitz will step down as from her role as CEO and Managing Director of Mirvac and is the immediate past Chair of the Green Building Council of Australia, a past National President of the Property Council of Australia and the current Chair of Chief Executive Women.
Mr Morrison said one of the earliest tasks of the interim Council will be to review barriers to harnessing institutional investment to create new housing for Australians.
"Australia needs all the new housing it can get, so it makes sense to address the taxation settings which prevent more investment creating the new rental housing the country needs," Mr Morrison said.
"As countries such as the United States and the UK have demonstrated, with the right -settings, build-to-rent housing could give Australians more choice in the housing market and become a key solution to the affordable housing equation," he said.
