Financial support for state and territory infrastructure projects | 28.01.26

To read the full submission, CLICK HERE

Since the National Housing Accord was announced, the development industry has welcomed the commitment of all governments to deliver over 1.2 million homes across Australia during its operation (ending on 30 June, 2029).

The states and territories are starting to play their part, recognising existing barriers to housing approvals and pursuing reforms to make their systems simpler and more conducive to delivering more supply.

Following the Jobs and Skills summit in September 2022, we have seen a massive boost in immigration numbers.

However, despite significant revenue received arising from these increased levels of immigration through income tax and company taxation, along with ongoings diminished through low levels of unemployment, the Commonwealth Government’s contribution to the Housing Accord has largely been though the HAFF, with its focus on social and affordable housing, and by setting the high-level targets through the Accord and not by funding the States through targeted housing related infrastructure grants.

For greenfield and infill housing sites alike, a lack of infrastructure is proving to be one of the biggest hurdles.

To read the full submission, CLICK HERE

Share the Post: