The Housing Industry Association (HIA) National Outlook for the home building and renovation industry is another dismal report card on the Gillard Government’s record on housing, forecasting a housing downturn that will put further pressure on rental prices.
Today’s decision by the Reserve Bank of Australia (RBA) to leave interest rates on hold is a welcome relief for homeowners, but Labor’s wasteful spending continues to put pressure on inflation and rates could rise soon, said Senator Marise Payne, Shadow Minister for Housing.
The release of Australian Bureau of Statistics (ABS) dwelling approval figures show the housing shortage in Australia continues to get worse under Labor, further eroding housing affordability, said Senator Marise Payne, Shadow Minister for Housing.
The gloomy outlook for Australia’s builders is further evidence that Labor’s addiction to spending is hurting the economy and hindering a private sector recovery, said Senator Marise Payne, Shadow Minister for Housing, following the latest figures from the Master Builders Association (MBA).
The question of housing affordability continues to be - as then prime ministerial aspirant Kevin put it in 2007 - the 'ultimate barbecue stopper'.
And with affordability deteriorating further as more people chase a limited supply of real estate in our major population centres, many current and aspiring homeowners are asking what the federal government can do about it.
