Building Incentives Needed
The Property Council of Australia (PCA) is calling for the Federal government to double the $3.5 billion incentives it has already offered for states and territories to exceed their housing targets.
In its budget submission, PCA says the extent of the housing crisis requires scaled-up incentives and it wants a doubling of the performance-based New Home Bonus and the $500 million Housing Support Program.
Property Council of Australia Chief Executive, Mike Zorbas, Australia can’t afford for any of the states to miss the housing targets.
“We need to supply more quality homes around job, educational and social opportunities and as close to public transport as we can get,” he says.
“With younger people utilising bespoke student housing to meet their unique needs, and older Australians moving into communities that are proven to keep them healthier and happier for longer and save taxpayers $1 billion a year by delaying their entry into aged care, then we open up the middle market for more Australian families,” he says.
