It also appeals for infrastructure development in the regions
Bendigo and Adelaide Bank has called on the government to allocate a significant portion of the Housing Australia Future Fund (HAFF) to regional Australia.
“We would like to see 40% of the HAFF directed to regional Australia to support population growth, address the regional housing crisis, and unlock the economic potential of Australia’s regional communities,” said Marnie Baker (pictured), chief executive and managing director at Bendigo and Adelaide Bank.
The call to action includes an appeal for collaboration between the government and state and local authorities to develop essential infrastructure, which is crucial for integrating new housing developments with indispensable services, thereby maintaining the quality of life in regional areas.
The initiative has gained support from regional members of parliament, who have recognized the urgent need for investment in the regions.
“I’m proud to call regional Australia home,” Baker said. “As Australia’s only regionally headquartered, ASX listed bank, we play an important role in addressing the supply side challenges of the housing crisis.
“Quarantining 40% of the HAFF will provide the certainty the public and private sectors need to funnel investment to where it is needed most.”
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