EVERYBODY KNOWS THE HOUSING DICE ARE LOADED

12 May 2017

It was the late, great Leonard Cohen who sang, “Everybody knows that the dice are loaded.”

And so it is with the housing affordability package announced in the Budget.
Before the Budget, on April 23, Assistant Treasurer, Michael Sukkar told SkyNews:

EVERYBODY KNOWS THE HOUSING DICE ARE LOADED

 

It was the late, great Leonard Cohen who sang, “Everybody knows that the dice are loaded.”

And so it is with the housing affordability package announced in the Budget.

Before the Budget, on April 23, Assistant Treasurer, Michael Sukkar told SkyNews:

 

“The housing package will be extraordinarily large, it will be far reaching, it will deal with all the groups on the spectrum of housing…

 

“It will be an impressive package, it will be a well-received package.”

 

He couldn’t have been more wrong.

 

The Government’s housing affordability package is a complete sham and it’s not just Labor that says so.

 

This is what stakeholders and experts say:

 

John Daley, Grattan Institute:

 

“You’ll need a scanning electron microscope to see an impact on prices.”

 

I can't see any reason why this budget is going to make a discernible difference to housing affordability; a discernible difference on the number of younger people that buy a house.” (ABC 7:30, 10 May 2017)

 

Adrian Pisarski, National Shelter:

 

“It’s a centrepiece without a centrepiece.” (ABC News 24, 9 May 2017)

 

 

Homelessness Australia:

 

“The Budget fails to deliver the big-picture solutions needed to end homelessness.”

 

“This budget is not fair, because it fails to fix a broken housing system that encourages investors to own more than one house while 105,000 have no home at all.”

 

James Toomey, Mission Australia:

 

“Disappointingly, the Budget contained inadequate assistance for the many people in rental stress who remain just one step away from homelessness.” (Media statement - www.mission.com.au)

 

Richard Holden, Professor of Economics and PLuS Alliance Fellow, University of New South Wales:

 

“Yet the measures in this budget involve not much more than tinkering.

 

“But the biggest minus of all was the absence of any measure whatsoever to address negative gearing and CGT exemptions for rental properties.” (The Conversation, 9 May 2017)

 

Bree Marr, first homebuyer (on the salary sacrifice superannuation measure):

 

“It wouldn’t even cover your stamp duty.” (ABC 7:30, 10 May 2017)

  

Everybody knows that for all the thought bubbles, all the hype and all the promises, the dice are still loaded against first homebuyers, the poor and the homeless.

 

FRIDAY, 12 MAY 2017