A combination of local, state and federal government taxes and red tape have made housing less affordable, particularly for those trying to enter the housing market for the first time. This needs to be tackled head on.
Examples of what needs to be done:
- Form a housing affordability taskforce charged with delivering practical solutions to encourage greater home ownership. The aim of this taskforce is to examine relevant housing affordability levers and recommend measures to reduce red tape and taxes and highlight innovative and cost-effective building and housing concepts.
- Ensure Australian residents are not priced out of the housing market by foreign investors.
- Modify negative gearing to encourage the creation of new affordable housing stock.