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Increasing The Supply Of Cost Effective Housing Products

CONTENTS


1.0 The Australian Chamber of Commerce and Industry in Brief 3

2.0 The Housing Affordability Crisis 3
3.0 Scope of the Issue 3

4.0 Economic Context and Background 4

5.0 Key Factors 5

5.1 Property Taxation 5
5.2 Land Supply 5
5.3 Development Application 6

6.0 Summation 6

7.0 References 7

1.0 AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY IN BRIEF

The Australian Chamber of Commerce and Industry is Australia’s largest and most enduring business association which has represented the interests of business for over 100 years. Currently the ACCI has over 350 000 member businesses including small, medium and large enterprise across all industry sectors that employ over 4 million people. This membership includes many organisations from the building and construction industry and some of Australia’s largest and most recognisable building associations, such as; the Master Builder’s Association of Australia and the Housing Industry Association of Australia. The main role of the ACCI is to identify the concerns of the business community and take a lead role in developing policy and strategy for change. The ACCI makes submissions on this basis to Federal Government in order to bring about legislative change that will improve the regulatory framework within which business operates, leading to a healthier business environment and consequently a stronger economy (ACCI 2007)

2.0 THE HOUSING AFFORDABILITY CRISIS

This submission has been prepared in response to the Federal Government inquiry into the housing affordability crisis in Australia. The inquiry is welcomed by the ACCI as this issue requires urgent attention form the Federal Government along with a focused policy agenda to combat the issue. If the Federal Government is serious about reliving the pressure of housing affordability on Australian families, drastic action is required to increase the...