WA's New 2050 Commission: A Potential Game-Changer for Housing Supply and Affordability
The Western Australian State Government has announced the establishment of a 2050 Commission, set to be operational by mid-2027. This new state-based productivity commission is designed to replace Infrastructure WA and assume some responsibilities from the Economic Regulation Authority. While specific details remain limited, the initiative signals a promising shift towards long-term policy reform, encouraging innovative thinking to enhance economic performance, state productivity, and living standards.
Role and Objectives of the 2050 Commission
Generally, a productivity commission serves as an independent advisor to the government, providing research and recommendations to improve efficiency and economic performance across various industry sectors. According to Premier Roger Cook, the 2050 Commission will focus on equitably enhancing living standards and addressing the needs of the WA economy. Key areas of consideration include regulation, public infrastructure, workforce development, innovation, decarbonisation, and climate resilience. Additionally, the commission will aim to boost WA's competitiveness for private sector investment, facilitate structural economic change, and improve government-funded services.
Effective execution as a statutory authority will be crucial for the commission's success. While the establishment of the 2050 Commission is a positive step, its impact will depend on how well it implements its functions and prioritises critical issues.
Housing Supply and Affordability as a Key Focus
Although the specific industries to be prioritised by the new commission are yet to be determined, the Urban Development Institute of Australia WA (UDIA WA) is hopeful that housing supply and affordability will be a central focus. In the context of the current housing crisis, these issues are foundational to the state's future productivity, economic growth, and overall liveability.
Housing supply and affordability are not just social concerns but integral components of economic stability. It would be appropriate for the commission to target reforms that facilitate the sustainable supply of diverse housing options well into the future. This long-term perspective could make a real difference in addressing housing challenges, but it must be complemented by immediate actions.
Balancing Long-Term and Short-Term Housing Solutions
While the 2050 Commission has the potential to positively impact housing supply and affordability in the longer term, the State Government must also remain focused on critical short-term issues. Unlocking much-needed housing supply as quickly as possible is essential to assist people in the present. This includes addressing the delivery of enabling infrastructure to support new housing developments.
UDIA WA has submitted a 2026-27 Pre-Budget Submission outlining key requests for the upcoming State Budget, aimed at facilitating more homes on the ground faster over the coming year. The institute looks forward to continuing its positive collaboration with the State Government on both short and long-term solutions to the state's housing supply challenges.
In summary, the 2050 Commission represents a significant opportunity for Western Australia to rethink its economic and social policies, with housing supply and affordability poised to be a pivotal area of focus. Success will hinge on effective implementation and a balanced approach that addresses both immediate needs and future sustainability.
