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“We cannot tax our way out of the housing affordability problem. The solution is less tax on housing and less government distortions on the market.
“Reviews of housing taxation, including the Henry Tax Review, are consistent in identifying the need to solve the supply problem before considering more taxes on homes.
“The RBA, Productivity Commission, Federal and State Treasurers have all identified the constraints on the supply of housing as an underlying cause of the housing affordability challenge.
“Addressing affordability requires a coordinated effort by all tiers of government to allow the industry to respond with the type and location of housing required to satisfy the pent-up demand.
“It is illogical to conclude that reducing opportunities to provide rental accommodation can make a meaningful impact on housing supply and rental affordability.
“As was the case in each consideration of changes to tax settings in the past, it is government policies that remain the primary cause of the shortage in housing supply.
“Governments continuing to blame migration, local investors and foreign investors for the housing crisis falls well short of the truth,” Mr Reardon concluded.
The Victorian Premier, Jacinta Allan, has completed a Cabinet reshuffle following the resignation of the long serving Treasurer, Tim Pallas.
“Today’s announcement of a $1 billion investment towards crisis, temporary accommodation and transitional housing forms an important part of the housing mix and recognises the need for targeted measures to support increasing supply of all forms of housing,” stated Jocelyn Martin, HIA Managing Director.
Notice of Annual Regional Meeting of Members of North Queensland Region
Over the coming months, SafeWork NSW inspectors will be speaking with principal contractors, site supervisors and health and safety representative (HSRs) to ensure they have effective systems in place to manage psychosocial hazards and risks.