Recent commentary in the media has pointed out that the increase in housing affordability stress for lower income households is ‘being driven by a web of decisions being made by all three levels of government’. Just what are some of the major housing policy levers, controlled by Commonwealth; state and territory; and local governments?
Overview
In essence, the Commonwealth Government has responsibility for the policy levers impacting on housing demand; while state and territory, and local governments are mainly responsible for the policy levers impacting on housing supply.