Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

Invest

Time to ‘reset the tax system’

By Lucy Dean · March 20 2018
Reading:
egg
egg
egg

Invest

Time to ‘reset the tax system’

By Lucy Dean
March 20 2018
Reading:
egg
egg
egg
Tax time

Time to ‘reset the tax system’

author image
By Lucy Dean · March 20 2018
Reading:
egg
egg
egg
Tax time

More than 25 organisations are joining together to call for a national housing plan aimed at fixing Australia’s “broken” housing system.

The Everybody’s Home campaign director, Kate Colvin, is set to launch the campaign and its housing and homelessness plan at the National Press Club today.

According to an Essential poll, commissioned by Everybody’s Home and also released today, 62 per cent of respondents believe the federal government isn’t doing enough to address housing affordability, and 60 per cent believe Labor also isn’t doing enough.

Further, the poll noted that 49 per cent of Coalition voters think the Coalition isn’t doing enough, compared with 57 per cent of Labor voters who want the government to step up.

Speaking prior to her National Press Club address, Ms Colvin said, “Making sure everyone has a home is a top-order priority for Australians but it is not matched by action from our political leaders. That needs to change,” she said.

Advertisement
Advertisement

“Genuine home buyers are missing out to people building investment portfolios. There’s a chronic shortage of social and affordable rental options, and it’s causing record levels of homelessness.”

More broadly, the plan argues that first-home buyers’ needs should be favoured over investors, and “resetting the tax system” is the way to do it.

A separate Essential poll, commissioned by the Australian Institute of Superannuation Trustees, found that support for changes to negative gearing was shared by both property investors and non-investors. More than one-third of property investors supported negative gearing reform, with property investors with children the most likely (45 per cent) to support the notion.

Everybody’s Home’s national housing plan has five steps. The organisations, including Mission Australia, the Salvation Arming and Homelessness NSW, are calling for support for first-home buyers via a fairer tax system, the development of a National Housing Strategy that features 500,000 new “social and affordable rental homes”, improved rental rights legislation which makes “no grounds” evictions and unfair rent risers unlawful.

The campaign is also calling for immediate relief for Australians experiencing “chronic rental stress” and a plan to end homelessness by 2030.

Time to ‘reset the tax system’
Tax time
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article

Join the nestegg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of Nest Egg.

Read more

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.