Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Calls for federal housing minister grow louder

Reporter 4 minute read

A mortgage broking association has urged the appointment of a federal housing minister, which it says will help make property more affordable.

The final report of the Senate Economics References Committee’s affordable housing inquiry concluded that a housing minister was needed to provide leadership across portfolios and governments.

FBAA chief executive Peter White said property is a very complex area that covers a variety of policies and differs significantly from state to state.

“A dedicated housing minister will certainly help address the key issues of land supply, planning reform and of course financial affordability,” he said.

Advertisement
Advertisement

Mr White said a housing portfolio will also help dispel many myths about property bubbles and rising prices.

“Sydney may be our biggest city, but while housing prices there have risen dramatically, the rest of the country remains relatively flat,” he said.

“There are still many ways to keep home ownership within reach. Reduction in stamp duty is just one a new housing minister could look at.”

[Related: Another federal housing inquiry gets underway]

Calls for federal housing minister grow louder
default
TheAdviser logo

Grow your business exponentially in 2022!

PROMOTED CONTENT


Discover the right strategies to build a more structured, efficient and profitable businesses at The Adviser’s 2022 Business Accelerator Program.

Visit the website here to secure your ticket.

default

 

more from the adviser
52053 transform

Breaking News

AMP Bank focuses on brokers for mortgage push

The third-party channel will play an intrinsic role in AMP Bank...

CBA 2

Breaking News

Fewer Australians intending to purchase property: CBA Research

Despite the country’s overall intention to spend increasing las...

mortgage calculator

Breaking News

Loan price war heating up: BOQ

Despite growth across each of its lending businesses, Bank of Que...