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One Year Anniversary 8 November 2011

On 8 November 2010 Master Builders launched a major housing affordability campaign.

Due to the lack of attention given by politicians to housing affordability, from 1995, the median Melbourne house price has rocketed from $129,000 to $475,500 – an increase of  270 per cent! 

Politicians were urged to outline their plan for addressing the housing affordability crisis. Both major parties put forward a raft of reforms aimed at tackling the escalating cost of buying a home.

One year on from our State Election Housing Affordability Campaign, Master Builders continues to keep a close eye on housing affordability.  

Among the positive are:

• Providing Stamp Duty cuts to strategically selected homebuyers. 
• A Budget commitment to cut red tape by 25 per cent over three years.
• Implementing an as-of-right clause for homes under 300 square metres, in some areas. 

Among the negatives are:

• Draft Bushfire Mapping and Regulations that encompass 85 per cent of Victoria, adding a further $5000 to the cost of building in those areas.
• Six Star Rating Regulations continue to apply. Unfortunately these regulations do not interact with (rather they contradict) the Carbon Tax.

The lack of cohesion between the Federal and State Governments, government departments and their reforms are a major cause of these complications and added costs.  

The Master Builders Association of Victoria has called for the State Government to appoint a Building Minister to deal with the worsening housing affordability crisis.

Is Anybody Listening to Victorians on Housing Affordability?

Costs in the areas of tax, government regulations, planning and land supply management have all been going up steadily!

You can make a difference by becoming active in this campaign. Make yourself heard!

The community wants action to bring the dream of owning a home back within reach – Is Anybody Listening?

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