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Prime Minister Scott Morrison has announced the appointment of Michael Sukkar as assistant treasurer and minister for housing.
Sukkar has been a member of the House of Representatives since 2013 and served as the assistant minister to the treasurer between January 2017, and August 2018, when he came back to the backbench.
The role is important for the growth of Australia’s cities, according to the Urban Taskforce Australia. “Clearly, housing supply is at a critical stage in Australia due to falling prices and slowing housing, yet our population growth is significant. The election of the Morrison government has already returned some confidence to the housing industry, and it is important that this continues,” said Urban Taskforce CEO Chris Johnson.
Johnson said that there are recent initiatives leading to positive developments in the housing industry. These include the Australian Prudential Regulatory Authority’s plan to reduce the constraints on home loans and the likely cut in interest rate.
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