Latest news with #HousingAustraliaFutureFund
The Age
17 hours ago
- Business
- The Age
Albanese should remember courage on housing cuts both ways
It takes a certain audacity to be both attacker and conciliator, except perhaps in politics, where this is often just part of the job, a dark art of the profession. This week we saw federal Housing Minister Clare O'Neil take on both roles. In an interview with The Age, the minister offered a defence of Labor's housing policies and its struggles to hit its targets, and in the process undertook a thinly veiled attack on the states. 'Planning laws at the state level are being used much too much to protect existing residents, and not enough to address the fact that we've got millions of people who are in housing distress. We need more housing of all kinds, and medium-density housing in the middle-ring suburbs is obviously going to be a really important part of the mix,' she said. This pivot on planning was noted in The Age's reporting as a notable shift. Three years ago, when federal Labor pledged in its budget to build 1 million properties between 2024 and mid-2029 (since upgraded to 1.2 million) it had very different avenues of action. It is likely to fall almost 300,000 short of the later target, according to the recent report State of the Housing System from the National Housing Supply and Affordability Council. In fact, new housing supply was at its lowest point in a decade and woefully trailing demand. So what then of Labor's policies? At the recent election, it said it would guarantee 5 per cent deposits of all first home buyers to ease the burden of lenders' mortgage insurance. It would also provide $10 billion to equity programs with state government and private developers to build 100,000 homes for first-time buyers. In June 2023, Albanese announced a $2 billion fund called the Social Housing Accelerator. This was at a time when the Greens were blocking moves in the Senate related to Labor's $10 billion Housing Australia Future Fund. Loading Having fought loudly for various of these measures against the opposition and the Greens, the government now appears to be crab-walking towards the last refuge of scoundrels in our Federation – blame-shifting. There were signs of this shift last week too when Andrew Leigh, assistant minister for productivity, competition, charities and treasury, gave a speech noting 'many of the levers lie with the states. And the systems need to change'. He launched a stinging attack on North Sydney Council in particular.
The Advertiser
4 days ago
- Business
- The Advertiser
Labor vows to slash red tape to turbocharge housing
Breaking ground on delivering 1.2 million homes starts by untangling the maze of bureaucratic approvals, the federal government says. Housing Minister Clare O'Neil has signalled a second-term Labor administration will move quickly to boost construction. "We've just been elected with a really clear mandate to improve our housing system in this country," she told reporters on Saturday. "We've got big reforms to implement, and not a day to waste in getting on with them." The minister vowed to simplify local, state and federal planning regulations by leading a council of planning ministers. "If we are going to address the housing needs of Australians, it is going to require the three levels of government to work together in new ways," she said. She will work with the building sector to implement innovative technologies to move past time consuming and costly methods of construction. Her comments come after an interview with ABC on Friday where she said "builders face a ridiculous thicket of red tape that is preventing them building the homes we need." Master Builders Australia CEO Denita Wawn said the cost of building a home had skyrocketed by 40 per cent over the past five years while construction times had ballooned by 80 per cent over the past decade. "It is critical that we remove the red tape that is hampering our capacity to build homes," she said. Ms Wawn was hopeful the ambitious goal of 1.2 million homes coming onto the market would be achieved, but said the group's projections showed there could be a slight drop-off. She argued that along with the focus on reducing red tape, there was an urgent need to apprenticeships and fast-tracking migration for skilled people. "For the first time, the federal government is leaning in and trying to ensure that there is a focused attention on housing," she said. But opposition housing spokesman Andrew Bragg said the government's plans were a "joke" and described Labor as "red tape champions." "Labor's signature housing policy, the Housing Australia Future Fund has built zero new homes in three years," Senator Bragg said. "Approvals are way down under their watch and their 1.2 million new home target is a dead duck." The Paris-based Organisation for Economic Cooperation and Development warned Australia on Tuesday to boost housing supply and address falling affordability. The OECD said easing zoning restrictions would strengthen competition and productivity, as well as raise housing investment to "reverse the long-standing decline in housing affordability". Breaking ground on delivering 1.2 million homes starts by untangling the maze of bureaucratic approvals, the federal government says. Housing Minister Clare O'Neil has signalled a second-term Labor administration will move quickly to boost construction. "We've just been elected with a really clear mandate to improve our housing system in this country," she told reporters on Saturday. "We've got big reforms to implement, and not a day to waste in getting on with them." The minister vowed to simplify local, state and federal planning regulations by leading a council of planning ministers. "If we are going to address the housing needs of Australians, it is going to require the three levels of government to work together in new ways," she said. She will work with the building sector to implement innovative technologies to move past time consuming and costly methods of construction. Her comments come after an interview with ABC on Friday where she said "builders face a ridiculous thicket of red tape that is preventing them building the homes we need." Master Builders Australia CEO Denita Wawn said the cost of building a home had skyrocketed by 40 per cent over the past five years while construction times had ballooned by 80 per cent over the past decade. "It is critical that we remove the red tape that is hampering our capacity to build homes," she said. Ms Wawn was hopeful the ambitious goal of 1.2 million homes coming onto the market would be achieved, but said the group's projections showed there could be a slight drop-off. She argued that along with the focus on reducing red tape, there was an urgent need to apprenticeships and fast-tracking migration for skilled people. "For the first time, the federal government is leaning in and trying to ensure that there is a focused attention on housing," she said. But opposition housing spokesman Andrew Bragg said the government's plans were a "joke" and described Labor as "red tape champions." "Labor's signature housing policy, the Housing Australia Future Fund has built zero new homes in three years," Senator Bragg said. "Approvals are way down under their watch and their 1.2 million new home target is a dead duck." The Paris-based Organisation for Economic Cooperation and Development warned Australia on Tuesday to boost housing supply and address falling affordability. The OECD said easing zoning restrictions would strengthen competition and productivity, as well as raise housing investment to "reverse the long-standing decline in housing affordability". Breaking ground on delivering 1.2 million homes starts by untangling the maze of bureaucratic approvals, the federal government says. Housing Minister Clare O'Neil has signalled a second-term Labor administration will move quickly to boost construction. "We've just been elected with a really clear mandate to improve our housing system in this country," she told reporters on Saturday. "We've got big reforms to implement, and not a day to waste in getting on with them." The minister vowed to simplify local, state and federal planning regulations by leading a council of planning ministers. "If we are going to address the housing needs of Australians, it is going to require the three levels of government to work together in new ways," she said. She will work with the building sector to implement innovative technologies to move past time consuming and costly methods of construction. Her comments come after an interview with ABC on Friday where she said "builders face a ridiculous thicket of red tape that is preventing them building the homes we need." Master Builders Australia CEO Denita Wawn said the cost of building a home had skyrocketed by 40 per cent over the past five years while construction times had ballooned by 80 per cent over the past decade. "It is critical that we remove the red tape that is hampering our capacity to build homes," she said. Ms Wawn was hopeful the ambitious goal of 1.2 million homes coming onto the market would be achieved, but said the group's projections showed there could be a slight drop-off. She argued that along with the focus on reducing red tape, there was an urgent need to apprenticeships and fast-tracking migration for skilled people. "For the first time, the federal government is leaning in and trying to ensure that there is a focused attention on housing," she said. But opposition housing spokesman Andrew Bragg said the government's plans were a "joke" and described Labor as "red tape champions." "Labor's signature housing policy, the Housing Australia Future Fund has built zero new homes in three years," Senator Bragg said. "Approvals are way down under their watch and their 1.2 million new home target is a dead duck." The Paris-based Organisation for Economic Cooperation and Development warned Australia on Tuesday to boost housing supply and address falling affordability. The OECD said easing zoning restrictions would strengthen competition and productivity, as well as raise housing investment to "reverse the long-standing decline in housing affordability". Breaking ground on delivering 1.2 million homes starts by untangling the maze of bureaucratic approvals, the federal government says. Housing Minister Clare O'Neil has signalled a second-term Labor administration will move quickly to boost construction. "We've just been elected with a really clear mandate to improve our housing system in this country," she told reporters on Saturday. "We've got big reforms to implement, and not a day to waste in getting on with them." The minister vowed to simplify local, state and federal planning regulations by leading a council of planning ministers. "If we are going to address the housing needs of Australians, it is going to require the three levels of government to work together in new ways," she said. She will work with the building sector to implement innovative technologies to move past time consuming and costly methods of construction. Her comments come after an interview with ABC on Friday where she said "builders face a ridiculous thicket of red tape that is preventing them building the homes we need." Master Builders Australia CEO Denita Wawn said the cost of building a home had skyrocketed by 40 per cent over the past five years while construction times had ballooned by 80 per cent over the past decade. "It is critical that we remove the red tape that is hampering our capacity to build homes," she said. Ms Wawn was hopeful the ambitious goal of 1.2 million homes coming onto the market would be achieved, but said the group's projections showed there could be a slight drop-off. She argued that along with the focus on reducing red tape, there was an urgent need to apprenticeships and fast-tracking migration for skilled people. "For the first time, the federal government is leaning in and trying to ensure that there is a focused attention on housing," she said. But opposition housing spokesman Andrew Bragg said the government's plans were a "joke" and described Labor as "red tape champions." "Labor's signature housing policy, the Housing Australia Future Fund has built zero new homes in three years," Senator Bragg said. "Approvals are way down under their watch and their 1.2 million new home target is a dead duck." The Paris-based Organisation for Economic Cooperation and Development warned Australia on Tuesday to boost housing supply and address falling affordability. The OECD said easing zoning restrictions would strengthen competition and productivity, as well as raise housing investment to "reverse the long-standing decline in housing affordability".
West Australian
4 days ago
- Business
- West Australian
Labor vows to slash red tape to turbocharge housing
Breaking ground on delivering 1.2 million homes starts by untangling the maze of bureaucratic approvals, the federal government says. Housing Minister Clare O'Neil has signalled a second-term Labor administration will move quickly to boost construction. "We've just been elected with a really clear mandate to improve our housing system in this country," she told reporters on Saturday. "We've got big reforms to implement, and not a day to waste in getting on with them." The minister vowed to simplify local, state and federal planning regulations by leading a council of planning ministers. "If we are going to address the housing needs of Australians, it is going to require the three levels of government to work together in new ways," she said. She will work with the building sector to implement innovative technologies to move past time consuming and costly methods of construction. Her comments come after an interview with ABC on Friday where she said "builders face a ridiculous thicket of red tape that is preventing them building the homes we need." Master Builders Australia CEO Denita Wawn said the cost of building a home had skyrocketed by 40 per cent over the past five years while construction times had ballooned by 80 per cent over the past decade. "It is critical that we remove the red tape that is hampering our capacity to build homes," she said. Ms Wawn was hopeful the ambitious goal of 1.2 million homes coming onto the market would be achieved, but said the group's projections showed there could be a slight drop-off. She argued that along with the focus on reducing red tape, there was an urgent need to apprenticeships and fast-tracking migration for skilled people. "For the first time, the federal government is leaning in and trying to ensure that there is a focused attention on housing," she said. But opposition housing spokesman Andrew Bragg said the government's plans were a "joke" and described Labor as "red tape champions." "Labor's signature housing policy, the Housing Australia Future Fund has built zero new homes in three years," Senator Bragg said. "Approvals are way down under their watch and their 1.2 million new home target is a dead duck." The Paris-based Organisation for Economic Cooperation and Development warned Australia on Tuesday to boost housing supply and address falling affordability. The OECD said easing zoning restrictions would strengthen competition and productivity, as well as raise housing investment to "reverse the long-standing decline in housing affordability".
Perth Now
4 days ago
- Business
- Perth Now
Labor vows to slash red tape to turbocharge housing
Breaking ground on delivering 1.2 million homes starts by untangling the maze of bureaucratic approvals, the federal government says. Housing Minister Clare O'Neil has signalled a second-term Labor administration will move quickly to boost construction. "We've just been elected with a really clear mandate to improve our housing system in this country," she told reporters on Saturday. "We've got big reforms to implement, and not a day to waste in getting on with them." The minister vowed to simplify local, state and federal planning regulations by leading a council of planning ministers. "If we are going to address the housing needs of Australians, it is going to require the three levels of government to work together in new ways," she said. She will work with the building sector to implement innovative technologies to move past time consuming and costly methods of construction. Her comments come after an interview with ABC on Friday where she said "builders face a ridiculous thicket of red tape that is preventing them building the homes we need." Master Builders Australia CEO Denita Wawn said the cost of building a home had skyrocketed by 40 per cent over the past five years while construction times had ballooned by 80 per cent over the past decade. "It is critical that we remove the red tape that is hampering our capacity to build homes," she said. Ms Wawn was hopeful the ambitious goal of 1.2 million homes coming onto the market would be achieved, but said the group's projections showed there could be a slight drop-off. She argued that along with the focus on reducing red tape, there was an urgent need to apprenticeships and fast-tracking migration for skilled people. "For the first time, the federal government is leaning in and trying to ensure that there is a focused attention on housing," she said. But opposition housing spokesman Andrew Bragg said the government's plans were a "joke" and described Labor as "red tape champions." "Labor's signature housing policy, the Housing Australia Future Fund has built zero new homes in three years," Senator Bragg said. "Approvals are way down under their watch and their 1.2 million new home target is a dead duck." The Paris-based Organisation for Economic Cooperation and Development warned Australia on Tuesday to boost housing supply and address falling affordability. The OECD said easing zoning restrictions would strengthen competition and productivity, as well as raise housing investment to "reverse the long-standing decline in housing affordability".
Sky News AU
21-05-2025
- Business
- Sky News AU
Albanese government falling short on 1.2 million housing targets, new independent report reveals
The Albanese government has seriously underdelivered in housing supply after promising to build 1.2 million new homes by 2029. If the government were to achieve its target, it would need to ensure 240,000 were built each year, but ABS figures show that since the Housing Accord began in July 2024, only about 90,000 new dwellings have been completed. There were 90,136 houses built from July to December 2024 under the Albanese government, almost the same amount delivered by the Morrison government over the same period in 2021. The findings come after the government lifted total housing commitments to $33 billion in the latest federal budget, including the $10 billion Housing Australia Future Fund. The National Housing Supply and Affordability Council has projected the government will fall short of its target by more than 250,000 homes—or roughly 20 per cent. The State of the Housing System 2025 report forecast the country will build 938,000 new homes by June 2029—up from 903,000 in the previous forecast. 'No state or territory is forecast to meet the share of the target implied by its population,' the NHSAC report said. Housing Minister Clare O'Neil welcomed the findings which her office said shows the "scale of the ambition and investment" needed to address the housing crisis. "It takes time to turn the tide on a housing crisis a generation in the making, that's why it's so important the Labor government keeps building on the foundations laid last term," a spokesperson for Ms O'Neil told Sky News. "Planning reform, supercharging construction worker training, direct investment in building more social and affordable homes—these are all policies that have taken a Labor government to deliver, and we're continuing that dedicated work into a second term." Housing responsibility is shared between federal and state governments, with most of policy levers on planning and zoning within the jurisdiction of states. Chair of the NHSAC Council, Susan Lloyd-Hurwitz, warned the country remains in the grip of a chronic housing crisis, with no resolution in sight. 'The Australian housing system remains far from healthy and is continuing to experience immense pressure,' Ms Lloyd-Hurwitz said in a statement. 'The nation is still very much in the grips of a housing crisis that has been decades in the making through our persistent failure to deliver enough homes to meet demand. 'For many Australians right across the country, the ability to access an affordable, fit for purpose and secure home remains a challenge, if not out of reach entirely.' The government delivered just 177,000 new dwellings in 2024, well short of the estimated underlying demand of 223,000. Only 2,600 of those homes were new public dwellings, leaving the government a long way to go to achieve its promised 30,000 social and affordable homes by 2029. The Property Council of Australia has since called on the government to do more to boost housing supply and said the 'alarm bells' continue to ring. Chief Executive Mike Zorbas argued that, despite some progress, the country's planning and construction systems were still not fit for purpose. 'The alarm bell continues to sound on national housing supply. The sad fact is that many Australians feel that homeownership is out of reach,' he said on Wednesday. 'More than 30 per cent of the cost of a new home is government taxes and charges.' The average time needed to save for a home deposit has increased to 10.6 years and half of the median household income is needed to pay the average mortgage, according to the report. The report forecasts slight improvements in affordability over the next few years, but concludes that 'system-wide reform' and 'industry innovation' are needed.
