Housing affordability issues likely to persist
The Committee for Economic Development in Australia (CEDA) recently (August 29, 2017) released a report Housing Australia which provides a holistic review of housing in Australia.
The report provides a raft of recommendations for all tiers of government that should be further explored.
These recommendations include: relaxing planning restrictions, particularly those imposed by local councils - making them more consistent and allowing for increased density; developing consistent planning and funding models for transport infrastructure to better connect new housing developments to the various employment hubs; improving protections for long-term renters; further relaxing rules around the means testing of income received from downsizing in situations where it results in greater housing density; moving towards annual land tax in place of transaction taxes on housing such as stamp duty and taxing a larger component of capital gains.
Read and download Housing Australia report
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