Budget a positive for housing, but still no national plan

15 May 2017

Budget a positive for housing, but still no national plan

Hunter and Central Coast based Compass Housing has welcomed the federal government’s attention on the housing crisis and infrastructure in the federal budget but has called for a more comprehensive plan and the appointment of a housing minister to ensure targets are met.

Compass Manager of Research David Adamson said the budget contained a range of positive measures across the housing spectrum from first home buyers to private rental to affordable housing and homelessness.

“In particular we are pleased to see confirmation of a new bond aggregator to make it easier for community housing providers to obtain finance to deliver additional housing,” Mr Adamson said.

“We are pleased to see reformed National Housing and Homelessness Agreements which will require state governments to hit targets for additional social and affordable housing and will encourage them to transfer additional stock to the not-for-profit sector,” he said.

While there are plenty of positives in the budget, Mr Adamson said Compass was disappointed there is still no integrated plan to solve Australia’s housing crisis.

“What’s missing is a cohesive plan with measurable outcomes.” 

“The budget contained some worthwhile initiatives but it remains to be seen if these measures will be enough to address the current housing shortfall.

“Housing, including social and affordable housing, needs to be viewed as part of Australia’s social and economic infrastructure and integrated with other infrastructure planning.

“Determining funding for the right housing measures would be much easier if the Government had a national housing plan and a minister for housing to ensure targets are met.”

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Media contact: Martin Kennedy 0418 353 913