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staringclown

Housing Affordability a problem for 40 more years

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Housing affordability woes will continue for decades without major overhaul, CEDA says

They must have the powers of Nostradamus. 40 years. 

That's like making a prediction in 1977 about today. Hats off CEDA.

I don't disagree with most of the points though.

Quote
  • Prioritise shelter for most disadvantaged
  • Increase housing density by relaxing planning restrictions
  • Make planning, funding for transport infrastructure consistent
  • Provide adequate legal protection, certainty for long-term renters
  • Improve incentives to downsize to free up more land for development
  • Replace stamp duty with an annual land tax
  • Review pension, superannuation asset tests for housing
  • Increase capital gains tax to make investment less attractive

 

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