TURNBULL GOVERNMENT HAS NO SOLUTIONS TO RENTAL AFFORDABILITY CRISIS FOR LOW INCOME HOUSEHOLDS

29 Nov 2017

New Rental Affordability Index figures show that rents for low income households across all metropolitan areas in the nation remain unaffordable. The report, from National Shelter, finds for low income households ‘the situation remains untenable’.

SENATOR THE HON DOUG CAMERON

SHADOW MINISTER FOR HOUSING AND HOMELESSNESS
SHADOW MINISTER FOR SKILLS, TAFE AND APPRENTICESHIPS

TURNBULL GOVERNMENT HAS NO SOLUTIONS TO RENTAL AFFORDABILITY CRISIS FOR LOW INCOME HOUSEHOLDS 

New Rental Affordability Index figures show that rents for low income households across all metropolitan areas in the nation remain unaffordable. The report, from National Shelter, finds for low income households ‘the situation remains untenable’.

The research highlights how ineffective the Turnbull government has been in addressing housing affordability.

They have no national housing plan, no housing Minister and no idea.

Six months after announcing their Budget grab-bag of unrelated housing measures, the Turnbull government has effectively given up on housing policy.

The housing affordability crisis is not just about first-home buyers.

This research highlights the devastating impact Australia’s housing affordability crisis is having on low and moderate income households in the private rental market.

It reinforces the findings of Anglicare’s Rental Affordability Snapshot report which showed that for a working couple on the minimum wage with two children, nearly 75 percent of private rental dwellings suitable to the family’s needs are unaffordable.

With cuts to penalty rates, stagnant wages and surging house prices, housing costs are biting hard for working people. Analysis of the 2016 Census shows that around 30 per cent of all households, including renters and mortgagers, are in housing stress.

Lack of affordable housing options close to work and services are causing longer commutes for low- and average-income workers, hurting productivity and affecting community and family life.

Yet the Prime Minister and Treasurer refuse to accept any responsibility for this crisis or reform the key policy area available to the Commonwealth - tax incentives for property investors. Any housing policy that doesn’t deal with negative gearing and capital gains tax is a sham.

Labor has a housing affordability plan to remove distortions in the rental market; level the playing field between wealthy investors and home buyers to put home ownership back in reach; create jobs and reduce homelessness.

The dysfunctional and divided Turnbull government has failed to address the housing affordability crisis. Labor stands ready to do so.

WEDNESDAY, 29 NOVEMBER 2017