The pathway could improve the standard of rentals and increase the value for money the government gets from housing tax concessions.
The Greens say Anthony Albanese is being a “bulldozer” like former PM Scott Morrison as Labor seeks to stare down the minor party over blocking reforms.
The cost-of-living crisis will pass,but the housing crisis will continue to get worse,unless our politicians – federal,state and local – try a lot harder.
Governments have neglected their fundamental obligation to realise everyone’s human right to housing and home.
Laws need to change to equally weigh the rights of those who want to buy a home against those who simply want to invest in a property.
Despite our expensive subsidies for property investors,commentators who have made their careers by calling for ever more reform hate Labor’s signature policy.
Key independent senators have teamed up and say the government could be giving up as much as $60 billion in tax revenue if it doesn’t make changes.
High property prices and mortgage rates have left more investors claiming negative gearing tax deductions,experts say.
Investors can claim sizeable tax concessions in some pricey suburbs,but they need deep pockets to be able to cover their mortgage repayments.
A clear majority of voters back the case for tax reform that can help young Australians buy their first homes.
Real estate agents and home building companies always claim getting rid of the tax lurk would do great damage to renters and buyers alike. Don’t believe it.