Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

I thank Senator Day for that supplementary question. What I agree is that, as a government, at a federal level, we need to continue to implement the policies necessary to build a stronger, more prosperous economy where everyone can get ahead. Those of us on this side of the chamber all want to see stronger economic growth in South Australia—as we want to see stronger economic growth in all states across Australia—because that is the only way that we can ensure that all Australians, wherever they live, have the best possible opportunity to get ahead. As I was saying previously, Housing Industry Association data has shown that land values in Adelaide were around 40 per cent of new house prices in the early to mid nineties and declined over the subsequent decade, but those land costs rose significantly from 2003 onwards, which of course supports the proposition that Senator Day just put.

States and territories have responsibility for housing supply. This includes regulation of zoning, planning, and development, and the release of government-owned land for housing. Improving housing supply is primarily about— (Time expired)