Property an election issue
AGROWING chorus of real estate industry commentators is calling for the property market to become an election issue.
With new housing construction struggling in most parts of the country, including Victoria, the Urban Development Institute of Australia has warned the industry may not be able to fill any gaps left by the mining industry without policy reform.
‘‘If housing is to help fill the economic void left by the fall in the mining boom, major policy reform is required to address constrained land supply, poor planning, inadequate investment in infrastructure, unfair taxes on housing and red tape,’’ UDIA national president Julie Katz said.
The Real Estate Institute of Australia, which believes both Labor and Liberal candidates need to address housing affordability and supply, is also calling for housing policies to be revealed.
‘‘The availability of affordable housing is a goal that is shared by governments and all sectors of the community, yet at the national level there is not a comprehensive policy or plan for its achievement,’’ REIA president Peter Bushby said.
‘‘This impacts on the economy as well as the wellbeing of individuals.’’