The chaos and dysfunction gripping the Turnbull Government has resulted in the government putting off any response to a key housing affordability report until well after the next election.
Whilst the Prime Minister and Minister Porter dither and refuse to engage on this issue more than one million people across Australia live every day in rental or mortgage stress.
The Government has confirmed in a letter to the Senate President that it will not be responding to the 40 recommendations from the Senate inquiry ‘Out of reach? The Australian housing affordability challenge’ any time soon despite the report being tabled more than ten months ago.
The Prime Minister has refused to prioritise Australia’s housing affordability challenges and this latest admission is yet more evidence that the Turnbull Government has no plan, no ideas and no solutions to deal with the real problem of declining housing affordability across the country.
Labor has released its positive plan to promote housing affordability and allow first home buyers to have a chance to get into the market. Labor, if elected, would only allow the benefits of negative gearing to apply to new properties from July 1, 2017 and would reduce the capital gains tax discount from 50 per cent to 25 per cent.
The Senate report provided the government with sensible and well thought through recommendations to help guide housing affordability policy and if the Turnbull Government was serious about supporting the great Australian dream of home ownership they would have prioritised a response to the report and got on with tackling a problem that affects millions of Australians.
WEDNESDAY, 16 MARCH 2016
Senator Katy Gallagher is Labor's Shadow Minister for Mental Health, Shadow Minister for Housing and Homelessness and the Shadow Minister Assisting the Leader on State and Territory Relations