The Property Council of Australia has released a five-point plan in order to assist the NSW government with housing affordability in the state.
In order to solve the housing affordability issues facing Australia, the Property Council released a five-point plan that is said by experts to help in NSW.
The five-point plan is:
1. Turbocharging housing supply through increased land supply and planning reform.
2. Reforming state property taxes and reducing fees, charges, and red tape.
3. Better co-operation between all levels of government.
4. Bridging the deposit gap and supporting first home buyers better.
5. Supporting the rental market and fostering innovative, affordable rental product.
The plan has come from research and consultation by the Property Council, presented to the NSW government and has been looked over by former reserve bank governor Glenn Stevens, appointed by NSW premier Gladys Berejiklian to address the housing affordability issues.
“These five points address demand and supply pressures on the housing market to provide a well-rounded, achievable model. For each point of the plan, the Property Council has outlined steps the government can take now to alleviate the housing pressure in this state,” said Jane Fitzgerald, Property Council NSW executive director.
“This is a report that provides this government with real solutions to the very real problem housing affordability has become; it is based on sound economic evidence from experts in the field. They are solutions that will work.
“The five-point plan is a blueprint for action. Property Council members stand ready to build the houses NSW needs, we just need the government to take the policy and budget decisions to meet us half way.”