Source:
https://scmp.com/property/hong-kong-china/article/2039596/unaffordable-australian-housing-government-sights-morrison
Property/ Hong Kong & China

Unaffordable Australian housing in government sights, Morrison says

Treasurer urges states to remove or simplify residential land planning regulations

Housing in Australia’s three biggest cities – Sydney, Melbourne and Brisbane – are expensive and increasingly unaffordable, according to Morrison. Photo: Reuters

Australian states need to remove or simplify residential land planning regulations that have made homes “increasingly unaffordable” in the nation’s biggest cities, treasurer Scott Morrison said.

Insufficient land releases and complex development regulations must be addressed, Morrison said in Sydney on Monday. He will use a December meeting with his state counterparts to urge a freeing up of housing supply, an issue which will be a key focus of prime minister Malcolm Turnbull’s government, he said.