Monday 30 May, 2016
A national alliance of community housing and welfare groups says it’s time get serious about reforming negative gearing and the capital gains tax discount and put housing affordability front and centre of this federal election campaign.
The alliance –made up of Homelessness Australia (HA), National Shelter, the Community Housing Industry Association (CHIA) and the Australian Council of Social Service (ACOSS) – asks all Australians to sign a petition calling for tax reforms that put ordinary people ahead of the interests of investors.
“Australia is in the midst of a housing crisis and current tax policy has fuelled Australian housing prices to record and unaffordable levels,” said ACOSS CEO Dr Cassandra Goldie.
“Tax settings that encourage speculative investment and inflate house prices – like negative gearing and the capital gains tax discount – must be addressed in a new national strategy to address housing affordability.”
These unfair tax concessions cost the federal budget more than $7 billion every year.
Over half of these tax breaks go to investors in the top 10% of income earners. People who negatively gear claim an average loss of $8,722 per year.
This means funding for essential services such as education, health and dedicated housing for low income families are reduced.
Spending savings should be redirected to improve affordability, including a tax rebate for new affordable housing, and significantly increased investment in public and community housing.
“ACOSS stands with the community in insisting that governments do all that they can to ensure everyone pays their fair share of tax to enable us to fund our services properly into the future and to help end the housing crisis that is pushing people into financial hardship,” said Dr Goldie.
By signing the Vote Home petition, Australians can call on party leaders to change unfair tax concessions and unlock affordable housing for all.
To Vote Home, go to: http://change.org/negativegearing
In August this year the Western Sydney Housing Coalition wrote to candidates in Western Sydney seats for the 2013 Federal election to ask their positions on housing affordability. They have asked me to post the responses here. Each can be downloaded below.
Please note: This was not an activity of Australians for Affordable Housing and posting is not necessarily an endorsement of the content, but we are cross posting here in support of a group that we think are doing great work for the people of Western Sydney. Continue reading »
Today’s ABS release Housing Occupancy and Costs 2011-12 have shown the unreliability of housing affordability measures that rely on interest rates, according to affordable housing advocates.
‘Today’s figures from the ABS show the precarious situation for mortgage holders on Australia. Despite interest rates being at historical lows, affordability is no better than it was in 1996. In July 1996 interest rates as set by the RBA were 7.5%, in July 2013 they were 2.75%. And yet the ABS figures tell us that Australian’s are paying no less now than they were then.’ Continue reading »
The Labor party’s commitment to affordable housing is being called into question as the Government has failed to confirm any ongoing future for the National Rental Affordability Scheme (NRAS).
Successful applicants for the ‘shovel ready’ round are being announced this week by the Minister for Housing. However neither Labor nor the Coalition has committed to a future for the program beyond the fifth and final round, applications for which closed in recent weeks. Continue reading »
This video was made to promote the ‘Problems with Property’ forum, to be held 26 August in Melbourne. Appearing are my fellow panellists for the forum, Karl Fitzgerald (Prosper) and Marcus Westbury (Renew Australia).
Check out the video and, if you’re in town, come by for the forum!
Housing costs are rising and the under-investment in affordable housing is impacting on families with young children, according to the election statement released by Australians for Affordable Housing today. The document coincided with the release of electorates ranked by housing stress.
‘The polls are saying that housing is a priority issue for voters, if not the number one issue. That’s no surprise given the recent research that a fulltime wage is often not enough to afford housing. But the major parties have so far avoided offering solutions to the housing crisis.’ Continue reading »
Affordable housing advocates have welcomed the start of the Federal election campaign and the new onus on the major parties to respond to the housing crisis, which recently polled as the number one issue amongst voters.
‘The major parties can no longer hide from the housing crisis, which a recent Auspoll found to be the number one issue amongst voters’ said Joel Pringle, Campaign Manager for Australians for Affordable Housing. Continue reading »
Australians for Affordable Housing have welcomed the release of the Greens homelessness policies ahead of the Federal election, and have challenged the major parties to do likewise.
‘Whilst the election campaign may not have formally started, a date has been announced and voters are waiting to hear what the different parties have to offer. Labor and the Coalition cannot keep ducking when asked what they will do to solve the housing crisis.’ said Joel Pringle, Campaign Manager for Australians for Affordable Housing. Continue reading »
- Alliance of community groups launches petition to reform negative gearing
- Affordable Housing Reform Agenda launched
- Time to look at real solutions to Australia’s housing affordability crisis – ACOSS
- CEOs appeal to Minister to end funding uncertainty – Homelessness Australia
- Report on Government Services 2015 Released