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HIA: Home start figures make case for reform

The Housing Industry Association has argued that the flat home stat figures from the ABS indicate reform is needed.
Australian property body the Housing Industry Association (HIA) has responded to the recent dwelling commencement figures released by the Australian Bureau of Statistics (ABS) by noting that they make a solid case for reform within the industry.

 

 

The ABS figures show that the number of houses being built is down by 12.8 per cent on a year-on-year basis, with HIA senior economist Andrew Harvey claiming this underlines the need for government intervention.

 

 

He added that the Australian government needs to dismiss short-term budgetary concerns in order to develop a coherent long-term policy on housing.

 

 

It would "be better-placed looking at how it can reform housing supply in order to lift home building levels, boost economic activity and secure important productivity benefits," argued Mr Harvey.

 

 

RP Data analyst Cameron Kusher recently suggested in the Property Observer that the number of people who purchased Australian property over the course of 2011 hit its lowest level since 1996.

 

 

Posted by Craig Francis

- property, HIA, ABS, housing, reform, planning

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