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May 11, 2012

No help for the housing stressed in Coalition’s budget reply

In last night’s budget reply speech the alternative government put forward no alternative plan for the one in ten households in housing stress, Australians for Affordable Housing said today.

“Australians for Affordable Housing is disappointed that the Coalition’s budget reply failed to address the single biggest cost of living issue in Australia today – rents and mortgage” said Australians for Affordable Housing Campaign Manager Sarah Toohey.

“Mr Abbott made note of the high housing costs in our cities, saying that families earning $150,000 a year were not rich, especially if they were paying a mortgage.

“If that’s the case, why did the budget reply offer no relief to the more than 80 per cent of households earning under $150,000 who are suffering under the weight of high housing costs?

“Why was there no mention of the one in ten households on the lowest incomes who struggle to make the rent or mortgage each week, the shockingly inadequate rates of rent assistance or the unfair tax breaks that distort the housing market?

“It’s astounding that with almost one million households struggling with housing costs, and a generation locked out of home ownership, that the Coalition can ignore this deepening crisis”.

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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