In a speech on the housing crisis,leading economist Bernard Coates said:“The people who might live in new housing – were it to be built – don’t get a say.”
They’re progressive,climate conscious and care about housing affordability - but they’re not wedded to a political team.
The federal budget could miss out on billions in revenue in coming years and economists have called for reforms to bring Australia’s housing tax policy into line with international standards.
Independent analysis by the Parliamentary Budget Office found 57 per cent of negative gearing deductions go to the top 20 per cent of income earners.
When it comes to housing,no Australians should be forgotten. However,the absence of a genuine reform agenda from either of the major parties short-changes us all.
With record-low interest rates and reasonably high property investment yields,negative gearing is all but impossible.
Social services groups are urging the federal government to cut generous tax breaks for wealthy earners and increase support for low-income households in a bid to boost spending activity and economic growth.
The federal government should provide incentive payments to state and local governments prepared to reform their planning systems and build more housing.
Property investing seems like a bet that we,as a society,will prove unable,over the longer term,to match our housing supply to our housing needs,hence pushing up prices.
Having watched violent anti-lockdown protests unfold on their city streets,readers shared their frustrations at those who flouted the restrictions,but also those in power.
Affordable housing advocates say federal Labor has abandoned Australians on low incomes in favour of wealthy landlords.