Media Coverage

Why the housing accord is in the national interest

Rob Pradolin for Australian Financial Review.

Full article available here.

While home owners have enjoyed surging house prices, younger generations have lost hope of ever buying a home unless they can tap into the “bank of mum and dad” or inherit some money.

Robert Harley’s recent article in this masthead hits the nail on the head when he wrote that “Treasurer Jim Chalmers, and Housing Minister Julie Collins have a bit of explaining to do”.

Harley rightly pointed out that the construction industry already builds around 200,000 homes per year, so while the government’s one million homes target makes a great soundbite, it is business as usual. However, their commitment to maintain that level from 2024 for five years in what Treasury knows will be a declining new home market is much more salient.