Morning Briefing: MFAA promises 'more proactive' communication with members

Chairman Grisbrook has conducted a number of broker roundtables in five of the country’s capital cities... Apartments to bear the brunt as housing comes off record peak...

MFAA promises 'more proactive' communication with members
A series of broker roundtables have taken place in Perth, Adelaide, Melbourne, Sydney and Brisbane, led by MFAA chairman Cynthia Grisbrook.

The roundtables aimed to give members the opportunity to hear more about the association’s advocacy activities and provide feedback from the industry’s perspective. They are part of the MFAA’s more proactive efforts to inform their broker members of its ongoing engagement with government and regulators. 

The MFAA is having meetings on a regular basis with Commonwealth Ministers in key portfolios such as Treasury and Small Business, and ASIC.

 
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Apartments to bear the brunt as housing comes off record peak
The Housing Industry Association  has said new residential building will slow over the next two years but will ease at ‘what will still be a historically healthy level of activity’, according to the latest HIA National Outlook. 

HIA acting chief economist Warwick Temby said, “notwithstanding the current uncertainties around the broader economic outlook, especially with the future US policy settings up in the air, HIA is forecasting a measured return to more normal levels of home building activity over the next couple of years.

“The recent peak in new home building was unprecedented: an all-time record 229,823 new residential dwellings started building in 2015/16. This record level of building has made a major contribution to Australia’s economic growth over the last few years and eased the under-supply of housing for both owner occupiers and renters that had built up over the previous ten years.”