Tonight’s budget is full of disappointment for households struggling to get into the housing market and those trying to keep a roof over their heads said Australians for Affordable Housing.
“Wayne Swan’s budget might be back in black, but with no new spending on housing initiatives, the one in ten families who are in housing stress will remain in the red as they try to make the rent or mortgage each week” said Australians for Affordable Housing Campaign Manager Sarah Toohey.
“With no new money invested in social housing in this budget, the system will continue to decline, leaving almost 250,000 households languishing on public housing waiting lists”.
“With no increase in the rate of Commonwealth Rent Assistance, over 450,000 renters in housing stress will have less to spend on food, clothes, transport and the other basics of life”.
“Failure to tackle the negative gearing and Capital Gains Tax breaks that drive up house prices means thousands of young Australians don’t get a fair go in the housing market”.
“Housing is the single biggest household expense. For families to get a fair go, the Government needs to fix our broken housing system”
Australians for Affordable Housing is a coalition of national housing, welfare and community sector organisations working to highlight the problem of housing affordability in Australia. For more information visit www.housingstressed.org.au
Media contact: Sarah Toohey, 0427 563 989. Follow AAH on Facebook at www.facebook.com/housingstressed and Twitter: @housingstressed
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