DECLINE IN AFFORDABLE HOUSING IN MELBOURNE MADE WORSE BY TURNBULL GOVERNMENT NEGLECT

20 Oct 2016

An alarming decline in affordable housing in Melbourne is causing homelessness and housing stress while the Turnbull Government refuses to address the problem either through tax reform or providing funding certainty to homelessness services.

An alarming decline in affordable housing in Melbourne is causing homelessness and housing stress while the Turnbull Government refuses to address the problem either through tax reform or providing funding certainty to homelessness services.


An analysis of affordable housing data by Launch House, a provider of homelessness services, showed a 46 per cent jump in rents over ten years, twice the rate of inflation. Over the decade average weekly earnings grew by 40 per cent while house prices rose by 80 per cent. A fall from 27 per cent to 8 per cent in affordable housing stock in the same period was causing people to look for homes far from jobs and services and to fall into homelessness.


“Malcolm Turnbull has to respond. Every week we see more and more evidence that negative gearing and capital gains tax concessions are distorting the housing market, driving prices ever higher,” said Senator Cameron.


“The flow on effect is that affordable housing is extremely hard to come by, and those at the bottom of the market fall into homelessness. This is a huge cost to the person experiencing homelessness, and to the community.


“At the same time, the Turnbull Government has failed to guarantee funding for the National Partnership Agreement on Homelessness beyond June 2017.


“It’s a double hit on some of the most vulnerable in our community, such as people experiencing family violence, health issues and unemployment,” said Senator Cameron.