Housing affordability was one of the key issues of the campaign, with Labor promising to expand its 'Help to Buy’ scheme. Urban planning expert, Nicole Gurran, says Labor's promise was received better than the coalition's pledge to unlock superannuation for home purchases.
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00:00There was a lot of words about supply and the centrepiece of the supply promise is the
00:07100,000 built to sell homes that the government is going to be financing through cheap loans
00:15to the states over the next eight years.
00:18And that's important because it signals government getting back into underwriting affordable
00:24supply.
00:25Those homes will be for first home buyers.
00:28And so, you know, that's potentially a very promising step forward.
00:32The other elements of their policy include the shared equity scheme.
00:38That can be important.
00:40Unfortunately, it hasn't yet been tied to new housing supplies.
00:44And so by linking a shared equity scheme just to new supply and then linking that, for instance,
00:50to the reform, to planning reforms at the state level, you can start to really join up some
00:55of their housing policies.
00:58We've also got, of course, the low deposit scheme.
01:01Again, it would be great to see that tapped into the new housing supply measures.
01:07Some of the smaller elements of Labor's platform include some support for the construction industry
01:13and faster and faster qualifications for tradies.
01:16But it is important to look at the housing industry itself and ways to help that industry
01:21be more efficient.
01:22It is important to be more efficient.