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Dec 5, 2012
joelpringle

Cities infrastructure report shows under-investment in affordable housing

The State of Australian Cities report, released by the Hon Anthony Albanese MP, Minister for Infrastructure and Transport, on Tuesday 4 December 2012, highlights the extent to which Australians are being priced out of their cities. Failing to respond is to risk social dislocation and a deepening of the housing crisis.

“With this report we see more evidence of the severity of the national housing security and affordability crisis.” said Joel Pringle, Campaign Manager for Australians for Affordable Housing.

“The State of Australian Cities report raises the contributions of negative gearing and changes to Capital Gains Tax in the doubling of house prices since the mid-1990s. It’s time for the government to include a review of housing taxation in their response to the housing crisis.”

“This report tells us that from 1996 to 2011, the percentage of people owning their homes outright has fallen from 60 per cent to 46 per cent. A good number of us rely on owning our own home for security in retirement. The alarming drop in home ownership exposes many Australians to domestic and financial insecurity.”

“This report tells us that the populations of our cities are getting older at the same time as access to affordable housing is diminishing. One-in-ten single Australians aged over 65 rely on the private rental market, at high risk of housing stress.”

“Social housing investment has fallen behind population growth, meaning less properties are available for people who need them. Stimulus funding for new social housing has dried up, and under-investment in social housing infrastructure continues. Governments at all levels need assist in the development of a social housing growth fund, making the investment required to ease the housing crisis.

Australians for Affordable Housing is a coalition of national housing, welfare and community sector organisations to highlight the problem of housing affordability in Australia. For more information visit www.housingstressed.org.au

For enquiries and interviews contact Joel Pringle, 0427 563 989

Follow AAH on Facebook and Twitter: @housingstressed

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