When 10% of our homes are sitting empty because investors don't want them rented, something is wrong with our taxation system.
Local laws must also be changed to encourage tiny homes prefabricated and installed quickly. For many, they are all that is needed.
Many rural towns could easily have new suburbs added. Water tanks and septic systems lower public development costs and give owners more independence and lower costs.
Capital gains concessions should be limited to one investment property.
Public housing must be encouraged and properly funded.
Too many people are forced to live in vans because it's all they can afford.
Yes, it's funny how everyone bleats "supply!" when the last census indicated about 6 million empty bedrooms.
I appreciate that it's more complex than simple arithmetic but, much as we have a global food DISTRIBUTION rather than supply problem, we are not managing our existing housing stock particularly cleverly.
Clearly, John Howard's capital gains tax indulgence scheme to win the votes of wealthy property investors with large portfolios has distorted the market against renters and first home buyers.
I have had investment properties, so I have benefited personally and know how it works.
Now retired, we only have our family home.
I think capital gains/ negative gearing concessions should be limited to one investment property.
Beyond that, you're running a business.
Giving concessions to investors makes it harder for first home buyers, such as our daughter, who has only just been able to buy her first property.
I would like to see a scheme which makes it possible for first home buyers to be able to claim a percentage credit against their annual income tax bills for maybe the first five years.
That should not inflate property prices, which first home buyers schemes do by allowing them to bid up prices.
I would also like to see measures to encourage tiny homes, which are an affordable alternative to the traditional McMansion.
And the first home could actually be a unit, not a free-standing house, as in many countries.
We lived in Thailand, where they build lots of studio apartments, which are an affordable rental choice.
THIS is the Prime Minister who boasts of growing up in Social Housing , and who had the benefit of a free Uni Education thanks to a TRUE Labor man , Gough Whitlam . Now it appears that he has pulled this ladder of opportunity up behind him .
HECS debts and the vanishing dream of being able to get into Social Housing , let alone afford to buy one’s own home have been normalised under this shrivelled , disgraceful version of a “Labor Party “. Meanwhile , the grovelling to placate foreign interests , the orders of the Trump regime , and Zionist lobby groups take precedence . How many houses , and improvements to Public Education could be achieved with the Billions of taxpayer funds being happily handed over to the US for the AUKUS scam/ catastrophe?? Public Interest ZERO.
Might I also add that at this time when at least one woman a week is being killed in Domestic Violence incidents , Albanese
prefers to spend funds of placating the orders of the “antisemitism envoy” he appointed ? No words 😶.
Thank you for this most important post , which also focuses upon ways to deal with this wilful negligence by governments of both major parties . It was the saintly John Howard who first instigated the notion that houses were fortune-building investments rather than the human right of having a place to live . It appears that a National Summit , involving every one of the advocates you mention , from top of the Power and Money echelons to the Homeless , is urgently required . “Developers” should be under legislation that Cheap , Nasty , and quick to build will not be permitted UNDER LAW . Height restrictions on their apartment blocks , and plenty of green space surrounding them . All levels of government must be required to provide sufficient Public transport from such developments to workplaces , Metro or rail lines .
Who can forget the Grenfell Tower tragedy in London ? A demonstration of slack developer /building oversight leading to the horrendous deaths of many occupants . The casual attitude to this atrocity by the UK government also stood out . Years later , no prosecutions . We do NOT need this contempt for the public to be repeated here .
Agree with your sentiments in your opening statement. It is a pity and shame that the concept of public housing has become verboten. And much of the blame belongs to Labor state governments that they turned the State Housing Commissions into corporations based on recovery or profit models.
It's a shame everybody decided that Max Chandler-Mather was just too annoying to re-elect.
Remember back when he WAS being annoying and Labor were beginning to be forced to start having just a tiny bit of a go at well...actually FIXING the problem?
When 10% of our homes are sitting empty because investors don't want them rented, something is wrong with our taxation system.
Local laws must also be changed to encourage tiny homes prefabricated and installed quickly. For many, they are all that is needed.
Many rural towns could easily have new suburbs added. Water tanks and septic systems lower public development costs and give owners more independence and lower costs.
Capital gains concessions should be limited to one investment property.
Public housing must be encouraged and properly funded.
Too many people are forced to live in vans because it's all they can afford.
Yes, it's funny how everyone bleats "supply!" when the last census indicated about 6 million empty bedrooms.
I appreciate that it's more complex than simple arithmetic but, much as we have a global food DISTRIBUTION rather than supply problem, we are not managing our existing housing stock particularly cleverly.
Clearly, John Howard's capital gains tax indulgence scheme to win the votes of wealthy property investors with large portfolios has distorted the market against renters and first home buyers.
I have had investment properties, so I have benefited personally and know how it works.
Now retired, we only have our family home.
I think capital gains/ negative gearing concessions should be limited to one investment property.
Beyond that, you're running a business.
Giving concessions to investors makes it harder for first home buyers, such as our daughter, who has only just been able to buy her first property.
I would like to see a scheme which makes it possible for first home buyers to be able to claim a percentage credit against their annual income tax bills for maybe the first five years.
That should not inflate property prices, which first home buyers schemes do by allowing them to bid up prices.
I would also like to see measures to encourage tiny homes, which are an affordable alternative to the traditional McMansion.
And the first home could actually be a unit, not a free-standing house, as in many countries.
We lived in Thailand, where they build lots of studio apartments, which are an affordable rental choice.
We must get smarter.
THIS is the Prime Minister who boasts of growing up in Social Housing , and who had the benefit of a free Uni Education thanks to a TRUE Labor man , Gough Whitlam . Now it appears that he has pulled this ladder of opportunity up behind him .
HECS debts and the vanishing dream of being able to get into Social Housing , let alone afford to buy one’s own home have been normalised under this shrivelled , disgraceful version of a “Labor Party “. Meanwhile , the grovelling to placate foreign interests , the orders of the Trump regime , and Zionist lobby groups take precedence . How many houses , and improvements to Public Education could be achieved with the Billions of taxpayer funds being happily handed over to the US for the AUKUS scam/ catastrophe?? Public Interest ZERO.
Might I also add that at this time when at least one woman a week is being killed in Domestic Violence incidents , Albanese
prefers to spend funds of placating the orders of the “antisemitism envoy” he appointed ? No words 😶.
Thank you for this most important post , which also focuses upon ways to deal with this wilful negligence by governments of both major parties . It was the saintly John Howard who first instigated the notion that houses were fortune-building investments rather than the human right of having a place to live . It appears that a National Summit , involving every one of the advocates you mention , from top of the Power and Money echelons to the Homeless , is urgently required . “Developers” should be under legislation that Cheap , Nasty , and quick to build will not be permitted UNDER LAW . Height restrictions on their apartment blocks , and plenty of green space surrounding them . All levels of government must be required to provide sufficient Public transport from such developments to workplaces , Metro or rail lines .
Who can forget the Grenfell Tower tragedy in London ? A demonstration of slack developer /building oversight leading to the horrendous deaths of many occupants . The casual attitude to this atrocity by the UK government also stood out . Years later , no prosecutions . We do NOT need this contempt for the public to be repeated here .
Agree with your sentiments in your opening statement. It is a pity and shame that the concept of public housing has become verboten. And much of the blame belongs to Labor state governments that they turned the State Housing Commissions into corporations based on recovery or profit models.
It's a shame everybody decided that Max Chandler-Mather was just too annoying to re-elect.
Remember back when he WAS being annoying and Labor were beginning to be forced to start having just a tiny bit of a go at well...actually FIXING the problem?
Maybe everybody has forgotten everything...