Treasurer Scott Morrison has put the states on notice over booming house prices, flagging a major push by the Turnbull government to increase supply and help first home buyers own their own home.

And Mr Morrison will promise the next meeting of state and federal treasurers, to be held in December, will focus on how state governments can do away with planning rules that stop, or delay, new houses being built.

He will also leave the door open to incentives for state governments to reform their laws and release more land, in a broadening of one of the key recommendations of the Harper review of competition policy.

Treasurer Scott Morrison will discuss housing affordability in a speech on Monday
In a lunch-time address to the Urban Development Institute of Australia in Sydney on Monday, Mr Morrison will also dismiss suggestions that cheap credit is causing an investor-driven housing bubble in Australia as "simplistic".

The federal treasurer will also admit that the "market is getting away from people. No matter how hard they work or save or even earn, they are finding it harder and harder to get into the market.

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Source: theage.com.au