Houses will be worth more or less what they would have been, if Labor’s policies are adopted, NSW Treasury analysis says.
The numbers of buyers able to celebrate moving into their first home are still well down on pre-GFC levels – and low-income renters are faring even worse.
fizkes/Shutterstock
Housing policy is a stark point of difference at this election. While the government took promising steps to set up social housing finance, it has yet to give any sign it will finish what it started.
Though it is generally believed a minor miracle would be needed to rescue the Morrison government, the Coalition judges the best way to “save furniture” is to wave the fear flags.
The losers from Labor’s capital gains tax policy aren’t all where you would expect them to be, whatever you expect.
Shutterstock
At times we are told Labor’s capital gains tax policy will hit mainly high earners. At other times, low earners. The truth, uncovered by our microsimulation model, tells us something about ourselves.
Labor would work with community housing providers, the residential construction sector and institutional investors.
Flickr
In his Sunday announcement, Shorten says the ALP’s ten-year plan to build 250,000 houses and units would be Australia’s “biggest ever investment in affordable housing”.
Whether there is a floor beneath which cuts in interest rate are ineffective depends in part on house prices.
Shutterstock
It is thought that it doesn’t help much to cut official interest rates toward or beyond zero, and maybe it doesn’t, but new research suggests the answer has a lot to do with the housing market.
Gradually reducing stamp duty and negative gearing would minimise the impact on investors.
Shutterstock
Housing affordability has declined significantly over the past few decades. Slowly reducing negative gearing and capital gains, and switching to property taxes, could reverse this trend.
The Greens plan would bring in “a Buffett rule” to ensure higher income earners paid their fair share of tax by limiting deductions made by those earning more than $300,000.
Older and poorer Australians aren’t benefiting from negative gearing.
AAP
New modelling shows negative gearing and capital gains taxes can be reformed in a way that doesn’t impact poorer investors.
Chris Bowen says that failure to reform negative gearing and family trusts will put increasing tax pressure on low- and middle-income earners.
Mick Tsikas/AAP
Chris Bowen will target tax loopholes and concessions in a speech on Monday.
Over the past year, there has been a surge of enthusiasm in Australia for developing a sector of large-scale institutional landlords.
AAP/David Crosling
There is a risk that affordable housing policy may be colonised by for-profit interests if Australia imports the wrong rental housing ideas from overseas.
‘Build to rent’ means developers build housing with the intent of retaining the building and renting it out to lower-income families.
shutterstock
A modest rebalancing of federal tax policy toward build-to-rent housing could fill affordable housing funding gaps. Australian funds are already investing in such a scheme in the US.
The latest ANUpoll shows that Australians are very concerned that future generations may be locked out of home ownership.
Jason Reed/AAP
Housing experts writing for The Conversation largely agree on the government policies that are causing negative distortions in the market and the wider economy. And supply is not the key concern.
Scott Morrison says the response on housing must be comprehensive.
Dan Himbrechts/AAP