Fed: HIA welcomes news of home affordability inquiry
CANBERRA, Aug 2 AAP - A federal inquiry into the escalating cost of home ownershipshould examine alternative financing schemes such as shared-equity loans, the HousingIndustry Association (HIA) said today.
HIA managing director Ron Silberberg welcomed news of a Productivity Commission inquiryinto first-home ownership.
"A comprehensive inquiry into housing costs and affordability by the Productivity Commissionis the best way to get to the bottom of the housing affordability crisis," Mr Silberbergsaid in a statement.
"Having addressed the factors impacting on the availability and cost of land and housing,it is sensible for the inquiry to examine the merits of alternative home finance schemessuch as shared-equity home loans in encouraging first-home ownership."
Earlier this week, a Commonwealth Bank-HIA report found housing affordability was atits lowest level since 1990.
AAP rmg/pw
KEYWORD: HOUSING HIA
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