Published: 11 Aug 2020
Including an affordable housing any federal government Coronavirus stimulus plan could be the best opportunity to arrest the 30-year decline in the supply of low-cost homes, a new paper says.
If Australia is to bridge the affordable housing shortfall, which could grow to 1 million properties nationally by 2036, a new national plan is needed which not only identifies underutilised government land that is suitable for housing, but redirects tax subsidies away from incentives that fuel housing demand towards policies that can boost supply.
The Fixing Affordable Housing in NSW and Beyond paper says tax incentives for institutional investors - like super funds - to invest in community housing providers would inject much-needed capital into the sector and boost the supply of low-cost housing.
The full paper, prepared for the NSW Community Housing Industry Council can be viewed here:
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