Housing Correspondence

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This release contains internal Treasury email correspondence and a draft housing policy document from September-October 2022. The documents comprise emails between Treasury officials and external stakeholders (Master Builders Australia and former Labor MP Wayne Swan) coordinating a meeting to discuss superannuation and housing policy, followed by a draft "Housing Accord 2022" prepared for budget consideration. The draft identifies Australia's acute housing pressures, citing a record-low rental vacancy rate of 0.9 per cent and advertised rent increases of 10.2 per cent in capital cities and 9.7 per cent regionally (12 months to September 2022). It notes residential building industry capacity constraints and declining projected building activity. The Accord proposes coordinating all government levels, investors, builders, and community housing sectors to increase affordable housing supply. Treasury officials marked the draft highly confidential pre-budget and requested CBUS (construction union) support before budget night. The