The Coalition’s plan to allow Australians to use their super for housing would disproportionately help wealthier people buy more expensive homes.
Only when housing is plentiful will it also be affordable. So we need to build more dwellings where people want to live.
The Albanese government should do more to rein in excessively generous super tax breaks,so the burden of an ageing population can be shared fairly between young and old.
The federal and state governments need to urgently step up to ensure regional Australians can afford to rent a home.
Getting super funds invested in Australian housing is a good idea. But governments - state and federal - need to work together to make it sufficiently attractive.
It’s a matter of simple logic that increasing the population without building more housing will worsen our housing affordability woes.
It’s a common barb that newer generations are struggling with home ownership and housing costs because of profligate spending,on smashed avos and the like. But what millennials are spending much more on is housing,simply because houses are so much more expensive.
Without more supply to reduce the gap between what housing costs and what households can afford to pay,we will struggle to make housing more affordable for anyone,let alone the poorest Australians.