Urban Taskforce CEO, Tom Forrest, said today’s ABS housing approval figures showed the need for all levels of Government to support the private sector in turning around housing supply if there was any chance of progressing towards the National Housing Accord targets.
The forthcoming Commonwealth and NSW budgets must support housing enabling infrastructure like water and roads, as well as providing relief from an array of fees, taxes and charges that are simply killing off the feasibility of many housing proposals.
Construction costs have gone through the roof, and with no sign of interest rate relief on the near horizon, the first 12 months of the National Housing Accord is looking very grim in terms of approvals, commencements and completions. The housing supply agenda is starting from a very long way behind the benchmark set by the Accord.
There can be no commencements nor completions of new housing without first having a planning approval.
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