PC REPORT SHOWS TURNBULL STILL FAILING ON HOUSING AND HOMELESSNESS
January 23, 2018
The latest Productivity Commission report on government services is stark reminder of the failure of the Turnbull government to take concerted action and provide national leadership to address the housing affordability crisis.
The report finds that there are 527,588 households in rental stress, defined as spending more than a third of their income on housing.
52.9 per cent of low income households renting in the private sector are experiencing rental stress.
The effect of housing stress is well known. As the report finds:
“Housing instability and homelessness can in turn increase vulnerability to adverse social and economic circumstances through, for example, poorer outcomes in education, employment and health, and increased risk of involvement with the justice system.”
The Turnbull government is taking the nation in the wrong direction through its inaction and neglect. It’s risible ‘housing affordability package’ announced at the 2017 Budget will have no impact on affordability.
The Grattan Institute’s John Daley said “you'll need a scanning electron microscope to see an impact on prices”.
Any housing affordability package that doesn’t reform negative gearing and capital gains tax discounts on investment housing is a sham.
The rising rate of homelessness and housing stress is a national crisis, and the Turnbull government must change course immediately to address it.
TUESDAY, 23 JANUARY 2018