HIA Hopes To Relieve Stress From Owners And Renters
The Housing Industry Association is looking forward to the federal budget in hopes that it will help to increase the housing and make it more affordable for consumers. Ron Silberberg – the HIA manager – stated that the $21.7 billion will help to relieve the interest rate pressures and the infrastructure skills and investments in order to reduce the constraints that many people are facing.
“Measures aimed at boosting the supply of new housing along with desperately needed urban infrastructure will assist in pegging the gap between underlying demand and current production,” Dr Siberberg said in a statement.
The housing commitments in the budget will include $500 million over the course of five years that will allow a housing affordability fund, $1.17 billion for over five years for first home saver accounts, $623 million over a course of four years for a national rental scheme, and $10 million to help out with the financial counseling for Australians who have been facing rental and mortgage stress.
“Tonight’s budget provides $2.5 billion over the next 10 years for trades training in schools and $1.9 billion to deliver an additional 630,000 training places including 85,000 apprenticeship places over the next five years,” Dr Siberberg said. “This is a positive start in addressing severe skills shortages.”