THE INCREDIBLE SHRINKING MALCOLM

24 Mar 2017

Malcolm Turnbull has dealt another cruel blow to young Australian first home buyers who might have been hoping that the Federal Government would take some action to help them get into the housing market.

CHRIS BOWEN MP
SHADOW TREASURER
MEMBER FOR MCMAHON

SENATOR THE HON DOUG CAMERON
SHADOW MINISTER FOR HOUSING AND HOMELESSNESS

SHADOW MINISTER FOR SKILLS AND APPRENTICESHIPS
SENATOR FOR NEW SOUTH WALES 

THE INCREDIBLE SHRINKING MALCOLM

Malcolm Turnbull has dealt another cruel blow to young Australian first home buyers who might have been hoping that the Federal Government would take some action to help them get into the housing market.

The Federal Government has major policy levers at its disposal when it comes to housing affordability, particularly negative gearing, and the Prime Minister repeatedly refuses to reform it, preferring to buck pass to the State and Territory Governments.

The Prime Minister was given a chance this morning at a doorstop to take some leadership on housing affordability. He declined.

JOURNALIST: On housing affordability, is that a federal or state government responsibility?

TURNBULL: Well, the answer is that it is overwhelmingly a state responsibility because the states control planning.

As the Treasurer prepares to meet with his State and Territory counterparts to discuss among other things, housing affordability, the Prime Minister has proceeded to throw him under the bus by indicating that it’s back to blaming the State Governments on housing supply and don’t worry about Australia’s generous tax concessions for property investors.

That’s leadership, Malcolm Turnbull style.

FRIDAY, 24 MARCH 2017