Prop­erty an elec­tion is­sue

Herald Sun - Property - - FRONT PAGE - Nathan Mawby

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.’’

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