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The Forum > Article Comments > Coalition’s hands-off housing policy points to 2019 election defeat > Comments

Coalition’s hands-off housing policy points to 2019 election defeat : Comments

By Blake Pepper and Glen Anderson, published 19/10/2018

A combination of real wage growth, targeted land release, and reforms to negative gearing and capital gains concessions would deflate median prices.

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The horse that is the housing crisis has so long ago bolted, it died in the long-yard years ago.
What will happen in the future, is exactly what is happening now to rectify the inequality that comes under the heading of housing all Australians: it will remain a them and us.

There has been an endless amount of time to rectify the problem it has become, but unfortunately the wrong people are in charge of the hell it is to too many, mostly young families with children.

The future of young families and how to house them, should not be handed over to the vagaries of real estate agents, with plunderous intentions.

There is very little-to-none protections for this group of losers.
So, what can be expected as a solution, is more of the same from disinterested Governments of all flavours.

If Governments really want to help this homeless sector, the help urgently needed is attention to mandating long term leases, and a close second, is to fund rent tribunals meaningfully.
Thieving of bond deposits by landlords, is epidemic; and it's the renting class that can least afford to lose often, thousands in lost or stolen bonds.
Posted by diver dan, Friday, 19 October 2018 11:22:05 AM
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Well may the comically implied Black Pepper say The Coalition "is terrified of taking serious steps to tackle housing affordability…"

Labor's past performance in power is no different. Labor would not want to quickly lose office, through alienating the Mums and Dads landlords-homeowners-homebuyers.

Negative gearing is an untouchable sacred cow for both sides of politics.
Posted by plantagenet, Friday, 19 October 2018 11:41:16 AM
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Cheap money for nearly two decades as well as more double income property buying families (due to taxpayer funded child-care) has lead to prices where they are. House prices have risen to what households can afford to vie for. Variations between capital cities is driven by supply and demand, as well as future perceptions of this.

NG has been around since 1920's and nothing much happened on property prices before CGT was introduced in 1985, so to blame NG and CGT concessions for price rises seems a tad silly. Taxing CG's without indexation of the cost base will drive down investment in housing (etc) and lead to higher rents. Removing NG will disincentivize investments by M&D investors while the wealthy will form company structures to carry losses forward.

But why let facts get in the way of a good class warfare story? Confected garbage like this wins elections, I guess. Another is renewables will bring down power prices. Ho hum.
Posted by Luciferase, Friday, 19 October 2018 11:54:33 AM
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Never let facts get in the way of the truth, its funny how the author blames the coalition for housing affordability, does he conveniently forget RUDD/GILLARD/RUDD years?

Anyway, in 1980 15% of new home loans were first home buyers, in 2018 it is still 15%, which means housing affordability has not changed, it is still hard to get your first home.

If we let low income people buy houses we will end up like the US with their subprime mess and thousands losing their homes.

Why is owning your own home so important, the majority of US, Europe and Japan citizens rent all their lives?

It is a political football talking about housing affordability, yet the state governments wont release land, still charge land tax and other fees/levies.

Yes, houses are expensive, but our unemployment is low too, its simple supply and demand, if unemployment rises, house prices fall, if unemployment decreases, house prices increase
Posted by kirby483, Friday, 19 October 2018 11:57:18 AM
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The only way to lever the cold dead hand of the fossil fuel industry off of our energy supply is by quite deliberately advantaged and assisted, cooperative capitalism. Introduce real competition, cooperative capitalism, nuclear power and the lowest power prices in the world.

And crucial, given nothing moves or is made or processed or transported without energy input! Be it the family wagon perishables, durables or a home! After we've made energy and everything that flows from it or relies on it, affordable once more?

The very next cap off the rank is rapid rail and the decentralisation that would usher in along with new centres of industrial growth and lower costing housing. Finally, someone with a still functioning brain needs to realise our tax system is rooted and needs jettisoning and replacing with one that is not only less costly more equitable but actually collets much-much more revenue.

And as it does just that lifts the burden from those still paying our total tax and spreads around onto those leaners who aren't, Some of who have so arranged their personal circumstances to limit their personal liability to just 15 cents in the dollar while the lowest tax paid by lower income earners remains 19 cents in the dollar.

An unavoidable fifteen per cent flat tax every boy and his dog paid, would level the playing field and quite massively enhance real economic growth and development!

And because all reconciliation would be factored completely out! Allow the 7% formerly earmarked for tax compliance costs to be returned to the bottom line. And in effect, produce a tax rate in real terms of just 8%!

Now if someone with a still functioning cerebral cortex, in the coalition would embrace these reforms, they might yet turn a massive landslide defeat into their greatest ever victory.

But before that can happen we need truth in donations and or an upper allowed limit that comes without any discernable strings or expectations or control. Otherwise, the very best advice will do as it has always done, fall on deaf ears!
Alan B.
Posted by Alan B., Friday, 19 October 2018 12:26:43 PM
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High home ownership in Australia is a thing of the past; it was always an aberration anyway.
Posted by ttbn, Friday, 19 October 2018 6:02:02 PM
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Get rid of negative gearing by introducing Flat Tax, National Service, a more fair asset test & some general incentive for people to make them see a light at the end of the tunnel & almost instantly, the nation's housing & social crisis will breathe a sigh of relief.
Well, I am allowed to have a dream, don't I ?
Posted by individual, Friday, 19 October 2018 7:46:23 PM
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Oops, should be 'aren't I ?'
Posted by individual, Saturday, 20 October 2018 5:18:02 AM
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That election defeat made even more likely if the people of Wentworth decide to send a message and place an independent, rather than a rubber stamp for either party, in parliament, with today's byelection.

And for one reason and one reason only, to bloody the nose of the wreckers and hard right who've imposed, a minority will, on a once great party. And ought to pay for it, with that "member" being referred to the high court, for a ruling on his eligibility?

And really put the cat among the pigeons. Leaving a lame duck coalition waiting for a no-confidence motion to force them to face the judgement of the people on energy policy, climate change, housing affordability, stagnating wages growth, the forever deferred decentralisation and last but not least, a once great party made hostage to the extreme right and religious bigots?

Time for the more moderate Liberals, to reclaim Mr Menzie's small L liberal party of social moderates!
Alan B.
Posted by Alan B., Saturday, 20 October 2018 10:32:13 AM
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What a pile of garbage.

I have 3 kids, none of whom are high achievers or high income earners, being more interested in lifestyle than becoming rich.

The eldest got in before the latest property spiral, & has easily ridden it, upgrading twice.

The second spent 12 years in the navy. No point buying when every couple of years the navy ships you off to a different city. He has a couple of blocks of land in very high appreciation areas, which will damn near buy a nice home in Brisbane when sold.

The youngest, married 3&1/2 years ago, built a house on acreage 2&1/2 years ago. They are not finding it a bed of roses, but are planning a Fiji holiday next year.

None are particularly mean with their money, but don't waste it on frivolous expenditure either. While I agree it is probably a lot harder than when I bought my first house in the 60s, as my kids have proven, it can be done, & without living on bread & water. At the same time, it is easier than the late 40s early 50s, when my folks were recovering from his war service, & trying to build starting from virtually nothing.
Posted by Hasbeen, Saturday, 20 October 2018 12:41:34 PM
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Hasbeen

When are you going to slip your bracer-strap down and over your right shoulder, spit out the hay-seed, grab your banjo and sing for your supper … just check the still on the way past, gramma said she heard some explosions in the shed last night, just as the ol tourney owl was geeing up to hoot to the moon.

I'll grant you hasbeen, the son of yours you brag of, receiving his tax free lurkers and perk in the navy, was not issued with a rainbow-coloured Pride lapel pin provided to army troops (as opposed to the navy sailor boys floating aimlessly around the world, ignoring the illegal Japanese whaling fleet at work), at taxpayer expense, as part of the official uniform in honour of Sydney’s Gay and Lesbian Mardi Gras.

And didn't you tell us all not long ago, your son lives in a shed on your block. I'm getting confused here.
Posted by diver dan, Saturday, 20 October 2018 1:45:49 PM
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Yes Dan, he has recently retired from the navy, & is Living here in my granny flat. He is working with an old friend near here, while he regains his land legs. He is also waiting for the third operation on a knee that was injured in the navy, & is not fixed after the first 2 operations.

He is having some trouble in deciding where he wants to settle. North Queensland has some attractions, as does being near Brisbane. The navy is still after him to go back, which complicates his decision. The navy is not a high payer, but is very demanding work when doing things like the Banda Ache rescue after the tsunami

This of course has no bearing on affording a home of your own, & was mentioned only to highlight a problem for those who have to move around a lot, due to their employment.
Posted by Hasbeen, Saturday, 20 October 2018 9:00:56 PM
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The people of Wentworth have spoken and in no uncertain terms, sent an implacable message to the coalition.

Time to stop allowing cashed lobbyists with very deep pockets to run their agenda with your assiduous help? Time to avoid being a small target, the hostage of the far right and a motley crowd of religious bigots within your ranks?

Time to pull out all stops and at least save the furniture. Time to put the nuclear power option(walk away safe MR thorium) on the table along with the 2 cents per KwH, that could usher in?

Particularly if was accompanied by both de-privatisation and operated by a consortium of co-ops? Stop trying to sell the message and totally unpalatable policies as directed by the money men? Leave the sale of a rust bucket politics to the shonks in the wrecked car sales department!

Time to tell Rupert and his minions to go take a running jump? Time to put funding out there and challenge Labor to do likewise? As open and transparent funding with serious limits!Time for bold LEADERSHIP, rather than appear a herd of bulls in a china shop, just wrecking the joint?

Time to get serious on climate change and energy policy, while there's time. it's time to all start rowing in the same flaming direction and for the far right to be put right back in their box! And leave the ELECTORS to decide their fate! It's time! TICK TOCK, TICK TOCK!
Alan B.
Posted by Alan B., Sunday, 21 October 2018 10:48:53 AM
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*... the hostage of the far right and a motley crowd of religious bigots within your ranks?...*

Using that childish logic, could I add: time to actually BE the Labor party.

Little do you know of reality Al...I have noticed!
Posted by diver dan, Monday, 22 October 2018 5:56:47 AM
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