The delivery of affordable housing in Australia is in desperate need of a shakeup, says UNSW City Futures Research Fellow Dr Laurence Troy.
Topping up deposits by as much as 15 percentage points will help, but housing isn't risk-free.
Negative gearing distorts the tax system and is skewed in favour of higher incomes, says UNSW Business School tax expert Dr Ann Kayis-Kumar.
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.
The best time to shut down negative gearing is when few people are taking it up. That time could well be now.
We need to refrom negative gearing and boost housing supply. Affordability, financial stability and economic inequality are all riding on it, writes Richard Holden.
The Henry Review argued changes to negative gearing would need to be offset by increases to housing supply, but this aspect is missing from the Labor proposal, writes Nigel Stapledon.
Professor Richard Holden, co-author of Switching Gears, a McKell Institute report on reforming negative gearing to solve Australia’s housing affordability crisis, discusses why we should transition away from this tax concession.
Leaving housing empty and subsidised by government is both taxation lunacy and a national scandal, write Laurence Troy and Bill Randolph.
Owner-occupiers and foreign investors will drive new housing even if tax incentives for investors are taken away, write Richard Holden and Saul Eastlake.