SLOMO STILL GOING SLOW ON HOUSING AFFORDABILITY

10 Mar 2017

Suggestions that the Turnbull Government is making progress tackling Australia’s housing affordability crisis are grossly exaggerated.

SLOMO STILL GOING SLOW ON HOUSING AFFORDABILITY

 

Suggestions that the Turnbull Government is making progress tackling Australia’s housing affordability crisis are grossly exaggerated.

Today’s announcement by the Treasurer that he has appointed members of a taskforce to design a bond aggregator to finance community housing comes four months after the formation of the taskforce was announced on December 2 last year.

The four month delay between December and today’s announcement is another example of the delay and inaction on housing affordability that is the hallmark of the Turnbull Government.

The Turnbull government’s housing policies will be half measures without reform of capital gains tax concessions and negative gearing.

The Abbott and Turnbull years have been wasted years when it comes to housing policy.

Since 2013, the Abbott and Turnbull Governments have:

  • Refused to countenance reform of negative gearing and capital gains tax;
  • Closed the National Rental Affordability Scheme that provided over 30,000 new affordable housing units and was on track to achieve its target of 50,000;
  • Scrapped the First Home Saver Accounts Scheme which was helping people save for their first home;
  • Closed their ears and eyes by abolishing the National Housing Supply Council and the Prime Minister’s Council on Homelessness;
  • Cut $44 million a year from homelessness services;
  • Failed to provide funding certainty under the National Partnership Agreement on Homelessness;
  • Cut funding to Homelessness Australia, National Shelter and the Community Housing Federation of Australia;
  • Refused to appoint a dedicated Minister for Housing and Homelessness.

 

Labor will welcome any positive steps the government might take to stimulate investment in more community housing. After three and half wasted years, it is about time the Turnbull Government took effective action on housing affordability.

 

 

FRIDAY, 10 FEBRUARY 2017