Thanks very much for the opportunity to participate in the hearings.
As part of the opening statement, I want to give the committee a very brief overview of:
First, who we are and what we do.
In terms of NHFIC, we were established by the Government in 2018. Our mission is to improve housing outcomes for Australians.
To that end, we administer a range of programs that help improve housing outcomes across the housing continuum.
Given the focus of this Inquiry, I thought I would just briefly expand on NHFIC’s research. Our research agenda is informed by extensive consultation with stakeholders across the property, finance, academic and government sectors to ensure it remains relevant and also accessible to a wide audience.
Since commencing first of January 2020, NHFIC has produced nine research papers including our first flagship State of the Nation's Housing report last December.
Over 2021, we’ve released four short research papers, including:
Just very quickly on this year’s upcoming State of the Nation’s Housing report.
Our second flagship is due by mid-December this year. The report provides long-term projections of new supply, and new household formation - which is one indicator of housing demand - which provides a long-term snapshot of the balance of new housing supply and new households.
After extensive consultations and roundtables with industry, peak bodies, developers and other stakeholders, we’re building on and enhancing our report for this year, including:
Like our first report, we’ll be relying on the Centre for Population numbers to help inform our views about future household formation.
I hope this gives the committee a snapshot of our work, and we’re happy to answer any questions.