Housing inquiry recommends scrapping stamp duty

“You can’t just build houses in three months,” he told“But over the medium term, what you’d see is house prices coming back to what their long-term average should be. You’d start to see prices beginning to moderate within two years. Over 10 years you would start to see real changes, meaningful changes in affordability.”Jason Falinski MP on the BTR withholding tax

Mr Falinski, who says “Australia’s [white] founders clearly believed that we should become a property-owning democracy”, said housing policy split into two “tribes” – one believing home ownership to be “an overstated social good” and the other seeing it as a pillar of a strong community.

It also recommends no change to the charter and monetary policy mandate of the Reserve Bank of Australia – contrary to– to ensure housing price stability was not included in the bank’s considerations, as it has become for the Reserve Bank of NZ. In the meantime, to address the problem of bracket creep in stamp duty, states and territories should lift the thresholds for different pricing bands of the impost in line with housing market inflation, the report says.

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Inquiry says first home buyers should be able to use super savings as loan securityFirst home buyers should be allowed to use their super savings as security for a home loan and states should ditch stamp duty in favour of a land tax, according to a parliamentary inquiry into housing affordability in Australia. Fixed it 'LNP Inquiry says first home buyers should be able to use super savings as loan security' One last resort to keep prices up A aarrgh this stupid bullshit again. 'default and lose your nest egg and your house' is a fucked and insane way to push the housing bubble out further and further.
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