The Urban Development Institute of Australia (UDIA) is the leading representative body for the urban development industry. The Institute was formed in 1962 to represent the interests of the private sector in close collaboration with all levels of government and other organisations with complementary agendas. The UDIA has an important national voice in development matters. Members include major public corporations, financial institutions, small companies, professional practices and private individuals directly involved in the production, financing and marketing of urban property developments. An informed and independent stance gives the institute considerable opportunity to lobby and influence government policy, particularly in relation to initiatives for home buyers. The Institute is often asked to nominate industry specialists to advise State and Federal governments on development issues.