Only a small part of this cost blow-out will be fixed by a regulatory review of the building industry, which, while important, will do nothing to stem the excess demand created by the government.
Topic: Housing
Government spends the smash and grab TattsLotto windfall from coal royalties to win the next election
The best predictor of future performance is past performance, and we’ve now had 9 years since Labor came to government in each of which the financial situation of the state has deteriorated.
Housing affordability index Q4 2023
It is twice as expensive to repay the purchase of a house now than for most of the last 30 years with that increase occurring in just the last 3 years since Q3 2020.
Housing affordability index Q1, 2024
Median house prices saw little movement across Australia over the first three months of this year, remaining relatively stable across all capital cities, with most movements limited to 0-2%, with the exceptions of Melbourne, where prices declined by just more than 3%, and Perth where prices increased by 5%.
Not such a capital idea – abolishing negative gearing and increasing capital gains tax will have little effect on commonwealth budget and destroy housing affordability
I'm betting the PBO has made the usual errors in their housing affordability modelling.
New home buyer’s tax no way to make housing available or affordable
Shifting the cost of welfare housing on to developers won't fix anything
Access to super for housing deposit won’t cause house price rises
Reality contradicts the “sophisticated” models
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“Sophisticated modelling” by the Super Member’s Council released today purports to show that allowing Australian’s to access their money in their super accounts to buy a first home would inflate house prices by an average of $75,000.
According to AIP Executive Director, this modelling is rebutted by the facts.
Media releases are not solutions
The National Cabinet’s housing affordability solution is just another media release on the way to no place, according to the Australian Institute for Progress’s Executive Director, Graham Young.
Labor’s $2 Bn social housing policy is inflationary and will result in fewer and less affordable dwellings
Australian Institute of Progress Executive Director Graham Young said that as the problem in the housing market wasn’t a lack of funds for investment, but a lack of stock, Labor’s $2 Bn will just make prices more expensive for everyone.
Capping rents will make things much worse
The Queensland government should scotch any idea of capping rentals if they want to help people searching for a house to rent, and actually do something, rather than convening more housing summits.
