Incentive payments, higher density urged to make homes affordable

Housing density around transport hubs in major cities would increase while the federal government would pay the states and local councils to boost supply under contentious proposals aimed at taking pressure off the nation’s property market.

And despite warnings from the Reserve Bank and other experts, the committee supported a plan to enable first home buyers to use their superannuation as collateral to buy a property. Finding ways for the community to support higher density housing around key transport hubs would be a major step to taking pressure out of the market while making better use of transport networks in the country’s biggest cities.“The federal government needs to incentivise state and local governments to empower communities to make their own choices and trade-offs, while offering real benefits for those who bear the costs,” he said.

The payments would be similar to the National Competition Policy payments made by the federal government to the states and territories in the 1990s and early 2000s that encouraged the use of productivity-enhancing policy reform.Other proposals include encouraging states and territories to axe stamp duty, as the ACT is doing and which, replacing the lost revenue with land taxes. Most states have ruled out moving to land taxes.

Labor members of the committee, however, criticised the overall report, saying that in some areas it was contradictory while others completely ignored expert evidence.

swrighteconomy Is this report put together by developers, it reeks of insatiable greed

swrighteconomy The title of the Committee report 'The Australian Dream' is wrong. It should be called 'The Australian Nightmare Housing'

swrighteconomy Have JasonFalinskiMP and the Committee members calculated the additional power required and supplied (both in peak MW and total energy in MWh) for 100s of new apartment towers? CO2 emissions anyone? What is the impact of rich Asian immigrants on the housing equation? RBAInfo

swrighteconomy STOP LETTING BANKS INCREASE LAND PRICES.

swrighteconomy Live in dogboxes and eat bugs. You will own nothing and be happy.

swrighteconomy want to see me without a bra?

swrighteconomy Squeeze in together tight peasants, you’ll love it.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New social housing tenant says house riddled with mould, plumbing not connectedAfter more than 20 years on a public housing waiting list a woman provided a property in Bellambi says the house had a putrid smell with unplumbed bath water running freely onto the cement slab below. *&^%$!!!! These canteen ladies don’t want much. This is why you don’t want governments owning houses, sell them off to competent investors who have skin in the deal and are personally legally and financially accountable.
Source: abcnews - 🏆 5. / 83 Read more »