Urban Development Institute of Australia (National) in Sydney, Australia | Non-profit organisation

Urban Development Institute of Australia (National)

Locality: Sydney, Australia

Phone: +61 2 8277 4573

Address: Level 25, Tower 3, 300 Barangaroo Avenue 2000 Sydney, NSW, Australia

Website: http://www.udia.com.au

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16.01.2022 HOMEBUILDER CAN SUSTAIN JOBS AND INVESTMENT THROUGH THE ROAD TO RECOVERY | We’ve released a submission this week which recommends an extension and re-design of the Commonwealth Government’s HomeBuilder initiative. We know Homebuilder is already working to boost confidence, trigger new dwelling commencements and stimulate employment. However, with the prospect of an elongated economic downturn and lower international migration, an extension of the scheme will bolster Australi...a’s prospects for recovery. Our submission which draws on research from Urbis shows that domestic demand for new housing remains substantial and can play a crucial role in lifting economic activity over the short to medium term until immigration returns to more sustainable levels. The property industry can and must play a central role in powering the nation’s economic revival generating jobs, wages and activity up and down supply chains. Our recommendations for a second tranche of HomeBuilder funding are outlined in our submission: https://udia.com.au/submission/homebuilder-mark-2/ You can also read our media release about this important issue here: https://udia.com.au//homebuilder-can-sustain-jobs-and-inv/

09.01.2022 MORE SEAMLESS ENVIRONMENTAL APPROVALS WITHIN REACH | Major reforms to streamline environmental approvals are within reach, following the interim release of the Commonwealth Government’s independent review of the Environmental Protection and Biodiversity Conservation (EPBC) Act. The review led by Professor Graeme Samuel was commissioned late last year and follows sustained advocacy from UDIA National. We’ve made streamlining environmental planning practices one of our fron...tline national policy and advocacy goals twice meeting both Environment Minister Sussan Ley and Prof. Samuels in the past year, as well as lodging a substantial submission to the review. We have consistently argued the EPBC Act is inconsistent, complex and often acts as a barrier to residential land release and housing, as well as delivering sub-optimal conservation outcomes. The review recognises ‘the Act is ineffective’, too many decisions are made on a ‘project-by-project basis’, and that it is largely true that ‘it duplicates state and territory regulatory frameworks for development assessment and approval’. The proposed reforms sit neatly within the Government’s deregulation and red tape agenda to help drive economic recovery, investment and major projects. UDIA National will continue to engage with the Commonwealth on the reform agenda to ensure the EPBC Act finally lives up to its promise and removes the substantial compliance burden placed on projects. Find out more here: https://udia.com.au/news-more-seamless-environmental-appro/

06.01.2022 NEW LENDING LAWS RIGHT FOR THE TIMES | The new regime to simplify access to credit will ease the pathway to home ownership and support the objective of stimulating housing construction at a time when the economy needs it most. The new rules announced today by the Commonwealth Government reflect the need to keep robust credit flowing into the economy as Australia seeks to recover from the economic effects of COVID-19. The new responsible lending rules are a smart response to t...he economic downturn and will work alongside other stimulus initiatives advanced by the Government. They have rightly recognised the need to boost housing construction via the HomeBuilder scheme given the crucial role the sector plays in generating jobs, wages and activity up and down supply chains. It is essential homebuyers can continue to access credit under a balanced regime that supports home ownership, responsible lending and still provides for consumer protections. The changes will help foster competitive and robust lending markets, give comfort to borrowers and help underpin a wave of additional investment in projects that bolster growth. The Government’s continued focus on stimulatory measures represents the right strategic setting and we look forward to further measures that support a sustainable economic recovery.

03.01.2022 OUR SUBMISSION IN THE NEWS | The Australian Financial Review has today featured a story focusing on our submission to the Commonwealth Government with our recommendations for a second tranche of the Homebuilder initiative. An extension of the scheme will bolster Australia’s prospects for recovery and we're urging the Government to take a look at what we're proposing. For those with a subscription take a look at the article for more details: https://www.afr.com//homebuilder-...boost-not-enough-as-new-h You can download a copy of our submission here: https://udia.com.au/submission/homebuilder-mark-2/

03.01.2022 TODAY WE LAUNCHED A PLAN TO STIMULATE ECONOMIC GROWTH, JOBS AND WAGES BY BOOSTING HOUSING CONSTRUCTION | A $4.5B housing stimulus fund that prompts homebuyers back into the market and a surge of housing and infrastructure construction, serves as the centrepiece of our new plan to support the industry and Australia’s economic revival. Today we have launched an economic revival plan to stimulate economic growth, jobs and wages by boosting housing construction, following the eco...nomic effects of COVID-19. The plan positions the industry as central to the nation’s economic prosperity and outlines a series of immediate steps for federal and state governments to take. We’re sending the plan and engaging with federal policymakers in a fresh push that complements the excellent work already being advanced at a state level. With the right mix of targeted incentives, regulatory reform and collaborative action by federal and state governments, the industry is key to super-charging the nation’s economic recovery. Now is the time to move from the trajectory of economic stabilisation to one of economic recovery with immediate federally led stimulus to re-kick start the housing market for the bounce back in jobs and economic activity. Download of full copy of our plan - Helping Australia Bounce Back - A Plan for Economic Revival https://udia.com.au//submission-4-5b-housing-and-construc/ You can also see our media release here: https://udia.com.au//media-release-4-5b-housing-and-const/

01.01.2022 HOUSING AND CONSTRUCTION STIMULUS A PLUS | The Commonwealth Government has unveiled its stimulus package to support the housing and construction sector to recover from the economic effects of COVID-19. The Homebuilder program includes incentives to help pull forward new housing over the next six months, as well as a measures to encourage substantial renovations. The main element for new home construction is a $25,000 grant to owner-occupiers building a new home, where the con...tract is entered into between today, and December 31 2020. The package was unveiled following our robust advocacy, including the recent release of our economic revival plan Helping Australia Bounce Back https://udia.com.au//submission-4-5b-housing-and-construc/ It is important to note housing is one of the first industries to receive a dedicated stimulus package, so our message reinforcing the sector’s economic importance has been heard! Take a look at our media release in response to the stimulus package announcement https://udia.com.au//media-release-housing-and-constructi/