'Urgent action' needed to address residential property shortages, says HIA
Residential property shortages need to be addressed urgently, according to property body the Housing Industry Association (HIA).
HIA managing director Shane Goodwin has pointed out that Australia is building 25,000 less new homes than we were ten years ago, which is making it increasingly difficult for those buying a house.
He believes this issue should be pushed forward in election debates.
"There has been significant policy focus on health and education as part of the election debate - and this is a good thing - but basic shelter is the bedrock on which all other aspects of our lives are built," Mr Goodwin explained.
Statistics from the HIA show that for the past 34 months the construction industry has contracted and over a million Australians in the industry are waiting and watching for their job security.
Mr Goodwin has issued a statement in the hopes that more people will take an interest in the sector.
"We are therefore encouraging anyone with an interest in improving housing affordability and protecting the one million plus jobs in building construction to join us in urging the future government to make housing policy a priority," he said.