The measure was announced in the 2022-23 October Budget as part of the Safer and More Affordable Housing measure to give effect to the Government's 2022 election commitment to establish the Council to support the Government to develop housing supply and affordability policy through research and advice.
The establishment of the National Housing Supply and Affordability Council is a crucial step towards enhancing housing policy through informed, independent advice. By focusing on research-driven policy recommendations, the Council aims to improve housing supply and affordability for all Australians, particularly vulnerable groups. This aligns with democratic values by fostering informed decision-making and civic engagement. Moreover, by addressing housing needs across various demographics, the bill promotes social equality and non-discrimination, ensuring that all Australians have access to affordable housing options [Judgment].
While the Council's goals are commendable, the financial impact of establishing and operating it could strain public resources. The estimated cost of $15.2 million over four years and $4.4 million annually thereafter may not result in tangible improvements, given the complexities of housing markets and policy implementation [Judgment]. Additionally, there is a risk that the Council's recommendations may not be fully aligned with the Government's priorities or fiscal constraints, potentially leading to inefficiencies or misallocation of resources.
2023-08-02
Not Proceeding
Unspecified
Treasury
Housing Policy, Social Support / Welfare, Democratic Institutions