Housing supply to be increased due to federal incentive payments | 7.30
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- Опубликовано: 7 фев 2025
- The Prime Minister has long said that solving the housing crisis will take a collective effort from the Commonwealth and the states. Today, his meeting with premiers resulted in a deal for $3 billion of federal money to reward states that build more than their share of new homes under national plans.
Laura Tingle speaks to the Federal Housing Minister Julie Collins.
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1. Sunset negative gearing.
2. Restrict foreign ownership of residential properties.
3. Regulate landlords to stop slumlords.
4. Limit rent increases to CPI on a lease-term basis.
5. Introduce a vacancy tax on 3rd or more properties equivalent to property value inflation, so that people with multiple properties (excluding a single holiday home) cannot reasonably afford to sit on properties without using them. Index it daily so AirBnB is unprofitable for everyone but the genuinely involved operators.
6. Allow LGA's to penalise anyone who owns a vacant property beyond 180 days.
7. Relax planning laws for Tiny homes, allow people to solve the problem for themselves if they have the funds to do so.
8. It is 1:04am, figure this crap out, I'm going to bed.
Rant off!
100%
You're dreaming
these are dreams, yes, but somehow these dreams must become reality@@jasoncantwell7406
These are all excellent ideas, it's a shame Labor is going to ignore them. 😂
if only.....
The infrastructure gap wouldn't be so noticeable if our big cities decided to build upwards instead of outwards. Most major cities around the world have recognized the importance of skyward expansion, but Australia has fallen severely behind on this. Not everyone can have a back yard any more, but not everyone wants or needs one
Yeah Nimbys keep forcing cities outwards, its ridiculous
I agree but we also have to be careful not to build slums
@@JenniB123 rarely happens in developed nations, only when the buildings are quickly thrown down.
Australia does not have a good record of building safe high rises especially when rushed. Many examples of shoody building with sub standard building inspections.@@majortophat3083
Planning and zoning reform for inner rim suburbs is urgently needed. Perth for example could have more density in inner suburbs like Leederville and Victoria Park. It doesn't have to be giant 30 story buildings. Something between 4-6 stories tall can provide enough density at a pleasant scale. Paris is a good example to learn from.
We can't just keep building outward, and destroying natural swamps, woodlands, etc... In addition to that, the residents of outer suburbs need to travel by car everywhere they go. Denser places can be designed in a way that people can live a car light lifestyle.
Some Australians only think of 2 extremes. The large spacious single family home, or a tiny apartment in a huge building. Duplexes and townhouses provide a yard and more privacy for people who want that.
What a joke, politicians don't care at all about anyone but themselves.
You should see all the "related party" transactions on their financial statements. Mind blown.
Correct, they will never allow housing to be more affordable as they own several investment properties. They have a conflict of interest. How can we expect politicians to make housing more affordable?
@@DC-lw7dj 100% correct
yes they have their best intrest in mind wich is getting elected again
one of the main reasons no one is building residential property is because it's very hard to trust a builder due to going so called into liquidation (bankruptcy). then they open another construction business in another name or family members name a very big loophole it's so easy to do while people suffer. I reckon even if you had the money, it's not a good time to build.
no where near the list of top 10 😕
@@NathanCroucher if I saw land or a knock down listed that I was interested in, I wouldn't touch it unless I thought I might have a house built on it in 6 yrs.
I'm hearing of houses not being finished 3 years after they signed up to build, apparently due to lack of tradies. This seems to be due to the ridiculous incentives to build during the pandemic. They need to be careful not to do that again and get those houses finished. That is also likely to increase rental availability. Building companies should be stopped signing up new clients if they are taking too long to finish those they have started.
impossible, you could find a tradesman instantly, all it takes is more money@@JenniB123
Exactly
Insane that after all this rent freezes are off the table, major renter reform is off the table and apparently even scrapping negative gearing and adding a higher AirBnb tax isnt being seriously considered. This isnt even close to a solution
I don't think it is a good policy to scrap negative gearing because there will be less incentive for investors to buy rental properties which drives down rental availability & drives up rent. Maybe they could scrap it for Air BnBs though. There needs to be more incentive to make an investment property a rental rather than an Air BnB.
I don't understand why you guys keep asking scrapping negative gearing. Negative gearing only benefit landlord who charge low rent. You prefer landlord who hike rent?
@@LatitubeNegative gearing correlates with the excessive price of property. Getting rid of negative gearing not only does it make a house available on the market when investors sell but it will also make property affordable.
@@BH-ye3dfSo fewer rentals...
@@Latitube this is true , but I think the main point is , we actually want less landlords and more ownership in the long term. Back in the day when property was super affordable , people stayed at home , saved a bit then bought their own homes. 1 or 2 years renting and you could save up for the deposit, so if we had higher rent in a short period of time that was fine. I agree that in the short term stopping negative gearing would be painful, but this is because people have got acustomed to renting and there would be a shortage of supply as investors saw no point to invest in the market anymore. But over the long term as more property investors exited the market and went into other sectors , property prices would go down and people would buy their own houses only after a few short years. The main concern here is not about rent prices going up, but with a selloff of investment properties with the reduction in tax benefits, and the exit of those people from the market. The real question is, do people want their house price to go down (both investors and owner occupiers). Does Australia want to look at other sectors for investment, business technology etc (which are more risky but better for the future) and leave the good'ole trusty property investment market. The fact is, so much of Australia is built on the property market, from retirement plans, banking sector and even the Australian dream that I think this is were the problem actually lies. It's a huge mindset change for Australia that I think no one is prepared for yet.
She talked about how much money they’re throwing at “social and affordable housing” but absolutely nothing about how that translates to the actual renters. What do they consider “affordable”, and how are they planning to make sure that happens in reality?
@@L9MN4sTCUkI thought renters were the customers.
That is a problem with negative gearing. Instead of renters being the customer, they become a cog. And the real customer is whoever the owner sells their property to for capital gains.
A million homes at say $500k each equals $500 billion. $3billion extra is but a tiny drop in the ocean.
The land is Crown land so it doesn't have a price value to the government - they don't pay for it. That's most of the $500k.
@@ReturnOfTheJ.D.then who pays for the development?
In the old days an allotment cost about the annual average income, fully developed, and the house about two years income.
These day the cost of an allotment is twice that of the house build on it, and the total 6+ average annual income. Incomes shave not kept up with this increase.
@@robertholland7558 You can build cheap units that kind of butt up against every other unit - it enables you to maximise the number of dwellings per square meter even if it isn't quality accommodation from the point of privacy, noise, parking etc. It's quantity over quality.
The same incentive payments that takes a 1km stretch of road 1 year to build...
Thank you. Increased urban density is the only real solution. We need to build a new narrative around apartment living as the Australian dream and destroy the myth about owning a block of land. A block of land for all and we have cities hundreds of kilometers in diameter and a huge public expense servicing that city with schools, hospitals, GPs, police, councils, and the list is endless.
Greens could win all the Nationalists and conservative votes and take power with one political phrase "African houses are for Africans, Asian apartments are for Asians but Aussie housing is for everyone"
@@soulsphere9242build new city centres!
100% agree. 1/4 acre block for one family is a nightmare, not a dream. An increase in density doesn't even have to be high rise. Just allowing single family homes to become duplexes or triplexes would double the possible housing capacity.
@@zen1647 nonsense. Space for a decent vegetable garden, a chicken coup and plenty of space for the children to run around. If you want density, there are plenty of places around the world for that. Don’t bring that philosophy to Australia. Why many migrate here in the first place!
@@robertholland7558 If you want that, and can pay for it without subsidies, that's fine. But plenty of people don't want to pay for that - let them have a simple, compact townhouse. Freedom and economic opportunity is what people come here for.
Laws of supply and demand, as long as the rapid influx of immigration remains. Housing will be a problem, oh and foreign ownership. Its crazy Oz still alows foreign ownership. But hey, we have pretty much the worst government of all time ☹
Come one come all roll up roll up! Hide your foreign asset dollars in Aussie property and get a dodgy uni degree for free!
I couldn't agree more about the foreign ownership. It needs to go. But you can't blame this government for that. You would have zero chance of that with a liberal government. It drives housing prices up which is a good thing for rich people who own property.
Do politicians qualify for tax payer funded incentives on their investment properties? If yes, isn't this a major conflict of interest?
They're far more concerned with staying in power than making money from investment properties.
Just go to google and look up How many investment properties our politicians own. Very enlightening.
Still if they build all that stuff it’s still gonna be expensive Around $500 a week which nobody can’t still afford even high-rises The rent is the biggest problem it’s the biggest expense of your wage $900 week average income Drop the rent for 60 bucks
Don't forget the strata fees which have no limits as they are increased each year.
dropping the rent won't fix a supply and demand problem
Wonderful work - the zoning potentials alone can have the sense of people returned to the centre of cities and towns.
A lot of hopes it seems, Until then landlords will continue to gouge the renter.
My daughter is a landlord and had to raise rent to cover intetest rate on mortgage...its not guarging!
I live in Queensland. There is hundreds of acres here ready for development but ergon energy says theyre not going to bring enough electricity to supply this development for another 10 years. 🤷♂️🤣
This lady getting interviewed doesn't know how to just agree to easy to agree with questions 😂
ABC, why aren't you asking about demand side controls like controlling immigrant intake until this housing shortage debacle is solved for people currently in the country?
ABC is very biased towards making us think it is a supply problem, when it is in fact an increased demand problem, created through excessive immigration.
Never seen more hand movements from someone while talking ever
These new housing schemes will still need either: upgrades to existing infrastructure in the case of higher density or new infrastructure for new developments. This won't keep up with current needs let alone the absurd levels of proposed immigration. Yet another example of governments failing to govern properly. A good start would be start planning for the future by having an honest and informed conversation on the population numbers for this country before the thin grin fringe around Australia is damaged beyond repair.
Maximum rent increase needs to be tied in to national average of low to middle income of renter's. Because letting the market rule has created this national CRISIS.
Property developers get richer millennials get to live like termites
Reduce demand. It’s not just about building homes, roads, schools, highways, shops, everything is full (speaking about Sydney)
Population growth is already quite low. More efficient (medium density mixed use) homes need to be allowed.
@@zen1647 how is almost half a million growth in 2022 small?? 387k of those being overseas migration. That’s stats from abs.
@@uwisho Long term average growth is about 1% (~250k). Last year was a bit higher with a catch up from Covid. Australian families are having fewer kids so a larger percentage of population growth comes through immigration.
@@zen1647 the problem is this growth is cramped into full and busy hand full of cities. Sydney and Melbourne especially. Infrastructure growth is not keeping up. Where are these houses going to be built?
Time to massively expand out some of the regionals cities, goldburn, Newcastle etc etc
@@uwisho Yes, cities create great economic activity which people want to participate in. Many immigrants are amongst the most economical successful people in their home country and are likely to be used to living in a big city.
I definitely think regional cities will, and should, have more growth which the government can support. I also think long-term growth should be reduced to something like 0.5%. Taking only the most qualified immigrants and supporting Australian families more so we are less reliant on immigration, and can have a more sustainable country.
Left-wing politicians love to congratulate themselves for how much money they are spending on a problem, as if spending itself us the goal.
Every time a politician talks about how many billions of dollars they have "invested" in a certain programme, the interviewer should ask them to explain the results of that expenditure, and prove that it was the most cost-effective way to address that problem.
not just 'left wing' politicians, all politicians need to do this. also she is hardly left wing - govt is handing out money to corporations and maintaining negative gearing which expands the wealth gap in aus.
Government policies & attitudes need to be less anti landlord so people want to buy rental investment properties, and more incentives to not make a rental property an air B&B. I think there are so many air B&Bs that they have made a real impact on the rental market
@@Beehive101 I'm not sure (I want to tell you) how many AirBnB properties we currently have
Government is the problem, government can’t fix the problem.
The only solution is to get rid of labor government in the next election.Albo doesn’t give a damn about renters , He has two investment properties and he is racking in $115k every year , why would he give relief to renters . Young people need to vote for greens.
Ever time I post this it gets removed so google for yourself. How many investment properties do politicians own? Then you will all understand why the demand is increased by politicians. The whole show is putting an emphasis on low supply when in fact an excessive demand is created by excessive immigration to the detriment of most Australians.
It may surprise, but if we can believe the register of interests for our Federal pollies, on average they own less than 2 properties each, including their PPoR. Some even rent and not just as a lurk while on per diems in Canberra.
Don't forget many of the politicians making decisions on tax advantages for property investment are property investors themselves and they have many properties we don't know about: concealed through companies, trusts, self-managed super funds and other investment vehicles
Pure political theatre. If this had any chance of doing what they say it will do, landlords and lobby groups would be kicking up a stink.
Multiple empty houses and an abandoned school within 500m of my inner suburban suburb.
Whenever governments make money available, things that cost X amount now cost the government 10 times the amount. This fund will be no different.
How can we raise a family in these units? You're forcing a 1 child policy with units. Give us houses!!
as a renter, thank you for nothing. we need national limits on rent increases and phasing out of negative gearing. so many renters want to have a permanent, stable place to live and that means home ownership in Australia. shelter should be a right, not an investment.
how the hell will they do this we dont have the tradies to do it or the price will go up as tradies will charge more for labour because they can
Correct, especially when a trade can earn more for less hours working on a CFMEU controlled government funded infrastructure project, like a toll road or tunnel.
Social and affordable housing need to stop being dirty words. Continuing to expect private business, home ownership and rental affordability to be the answer to long term sustainable housing just doesn’t cut it. Business relies on profits, home ownership (and property investment) is about increasing wealth. The reality is not everyone can and/or will own property. They should not be treated like second class citizens with housing insecurity and which further embeds disadvantage and poor health/life outcomes. Government just needs to step up and make it a priority to look after the vulnerable in our society and not just look after big business and rely on “trickle down” economics. If you want the little people to be looked after then you need to provide directly to those little people, not faff around with big business who have accountability only to shareholders.
Done absolutely nothing for me as a renter!!
Pretty sure every state rentals ensure U have hot running water by law, this housing minister is a goose that love waving her hands around wen she's talking spin
Deflection from her self interests.
she actually said nothing at all. spincity
It’s not like they will build any of these to Australian building standards, I pity anyone buying anything from the building industry right now because they will be paying out the nose for something that will only last 10 years if that.
People would be better off buying land putting a tiny home on it and building something bigger later after the building industry finishes collapsing.
More $billions of borrowed funds at taxpayer expense, that would not be required if immigration levels reverted to the long term trend. So, it is a handout to subsidise new and future migrants. It's delusional to claim that new housing in our major cities (especially Sydney) can ever be genuinely "affordable" for the average punter. The CFMEU will see to that.
Just get on with it.
Yeh about bloody time... Now to stop all these chinese money inflating houses. Tell NSW government to stop artificially inflating land prices. Housing market still cooked though.
I'm glad there's a housing shortage, do we want to cover Australia in houses? Why is constant growth the goal? You think the Earth needs more people on it? It's all based off a flawed model in the first palce.
We need migration numbers to decrease while these houses are built
Boxable...........bring in boxable housing.............
Rent caps
No one should be paying more than $300 per week rent.
Bring back housing prices education and health care to the boomer days.....
Everything be resolved.
Housing used to be a basic human need.....??????
What happened....
will the Viking Swedish girls show their blood tonight over the Matilda girls?
we will see ...
It's so good Labor are using taxpayer money to build houses for all the new immigrants coming, forcing aussies onto the streets to live in tents is the right thing to do after what they did 200 years ago
Theyre literally not even doing that much. Theyre using tax payer money to fund negative gearing and paying 3 billion in 3 years to the states to solve the issue themselves. Labor arnt building shit
Greens could win all the Nationalists and conservative votes and take power with one political phrase "African houses are for Africans, Asian apartments are for Asians but Aussie housing is for everyone"
What were you smoking when you wrote that comment?
@@MattyBmemes I have never seen anyone contradict themselves so well as you have in that comment.
@@mrspeaker6720 A cigarette, what makes you ask?
The Greens' idea of a rental freeze was perfect.
It meant the greedy investors wouldnt reap off the renters.
For those who want to argue about the risen rates, first of all the majority bought their "investment properties" long ago so they arent infected but just taking the opportunity to increase rent to make more money.
For those who are really in trouble, they can sell their "investment property" it means more stock in the market and might control the crazy rising real estate price.
The rent freeze also means controlling the rising price of houses since the investors fight over the price since they know they can rely on high rental yield.
But both major parties rely on the money of the filthy rich. Thats why we have the Negative Geering.
Greens could win all the Nationalists and conservative votes and take power with one political phrase "African houses are for Africans, Asian apartments are for Asians but Aussie housing is for everyone"
How would it deliver more homes?
In fact, the opposite will happen that scenario. Too much intervention on rent caps means investors will sell and more owner/occupiers will buy hence less available properties to rent pushing the price of rents back up due to the reduced pool of available properties. The only solution is build more.
Couldn’t agree more with you on NG
@@mrspeaker6720 It brings more houses to market by convincing some investors to sell them. It doesnt create more houses and I didnt claim it, but it does reduce the price by bringing houses to the market.
@@rv5020 Seems you are one of those so-called investors or perhaps paid to shoot your propaganda lie comments.
When the investors sell, the number of owners occupiers is going to increase that is exactly what can help the market and reduce the rent increase (less demand for rental houses) and also reduce the gap between rich and poor.
Her double speak and dancing around actual real bottom line goals drives me nuts
Democracy will fix this problem like a hammer
Builders not making much money 💰 building new homes materials to expensive 😮😮😳👀🤔😀👍😉🏡🏡🏡🏡
Albo is lost he should be dismissed
Perth company fast brick robotics should have this covered
All talk and no action
Sorry to say this is a load of crap.. a slump in sales when we had a massive increase when the incentives were available but no trades or timber to build them . How longs it going to take to make a multi story build… at the end of the day more companies will go broke…wait and see.
Don't forget the strata fees that are likely to be increased each chance they get.
Her hand movements are infuriating, just like this nothing announcement
Gotta admit I found them distracting too, but it's silly to call the policy "nothing"
It is called deflection from self interests.
@@waitawhileexplorer3904it's called overcoming immaturity - focusing on the substance rather than being distracted by silly things. Happily, the substance was quite good
@@mrspeaker6720 A person in her position should be very aware of the body language we are reading. I will leave at at that for you to read into what you believe.
@@waitawhileexplorer3904 you may wish to be more aware of how you're judging someone on their appearance than their substance.
Hes getting ready for immigrants not us already here
Yeh they want high density living , what a joke . If you would like to ive in a shoe box on top of each other . Without a garadge , clothes line or a swing for the kids .
What a load of nonsensical rubbish. There wasn't a single fact or action item laid out in that intetview. What a waste of tax payer funds putting wages into these time wasting politicians.
Existing infrastructures such as schools and hospitals will under immense pressure. Talk about school and hospital over crawding. Isn't that bad enough already?
Most of the overcrowded schools are on the urban sprawl outskirts. Older suburbs end up with schools with plenty of spare classrooms because the boom numbers kids of the 1960s-1980s are long gone.
What about already over crowded hospitals? This issue is hard to ignore.@@daveb3987
Increasing housing density will place even greater stress on our cities infrastructure. There isn`t a capital city in Australia that has the infrastructure to handle an increase in housing density without putting stress on te existing infrastructure.
By throwing huge amounts of money into the construction sector that is still struggling with supply and labour shortages will have the same effect as the Covid stimulus packages - it will drive housing prices up!
If you have higher desities, things like public transport, cycling, etc, become much more effective and take cars off the road (provided they invest in those transport mechanisms, not just cars)
You're completely wrong - denser neighborhoods can be services by infrastructure much more efficiently then sprawling suburbs.
@@TraindriverNickel What a ridiculous thing to say. Low density housing uses more electricity and water per person.
@@TraindriverNickel Just because you are generating doesn't mean you're not using more then other people.
Medium density housing and utility scale renewables is the most efficient arrangement. If people want to live in other ways then they should be prepared to pay extra.
No right arm?
It's all lies...
All talk and no Go!! First home buyers wants houses not units!! These units are for forigners not Australians. How can we raise a family in these units? You're forcing a 1 child policy with units.
It's possible to build spacious 3 to 4 room units. People do just fine raising children in denser cities all around the world.
@@vinnieriley7227exactly and we have the luxury we can landscape and put parkland and wetlands around them so we can go outside! Weneed more quality density solid well built. We need tore wild the uban wasteland
Get rid of GST on land for a home.
2 Billion dollars = 4000 houses at 500K each minimum. Immigration is 500,000 people each year minimum. Do the math politicians.
lol yep, a drop in the ocean. The reality is very grim..
@Michelle_Emm Immigration is the problem. As you state supply is the major issue until Airbnb is dismantled. That will not happen too soon. Building new dwellings will take longer than the original plan as we have excess immigration creating a tighter market on a diminishing supply. It does not take a maths genius to observe the reality of homelessness and strained infrastructure at this point in time.
@Michelle_Emm ton of old people living in big homes alone, getting bucket loads of funding to help them stay there too, while next door is 3 units on a block the same size, packed full of working families. Paying rent to top up that stain of a generations play money. Just a big scam all round.
It's worse than that. High Rise Harry reckons every 2-bedroom apartment he sells for an average of $1.1m includes $300k of government charges of one sort or another. For $500k you might get a 1-bedroom unit in the south western suburbs of Sydney.
How about Govt build 10 billions worth of houses , actually employ people to build houses ,,
Would still not be enough to meet the constant influx of immigrants they claim they need for economic growth or skilled workers.
@Michelle_Emm Have you put any thought into where we would house the increase in immigrants? The increase of immigration tradespeople would need to be housed. No solution there really.
@Michelle_Emm Well if you believe immigration is not the problem. Explain how and why and excessive demand has created the strain on infrastructure, high growth in homelessness and current struggle for available rentals. There may be a million houses empty and more than 350K short term overpriced rentals as you claim. If we can not accommodate within the availability you claim we have, how will allowing more people to enter reduce that impact?
You didn't say it would reduce impact and really depends on what "It" is. Clarify what you mean please. I agree totally with your last comment re government allowing empty houses as tax write offs. I don't need to be reminded that rents have increased during covid. It is evident in the number of homeless now visible. Just a little fact for you. Almost half of our politicians have an investment property, compared to 10% of the general population. Many of the politicians making decisions on tax advantages for property investment are property themselves investors and they own many properties we don't know about which are concealed through companies, trusts, self-managed super funds and other investment vehicle @Michelle_Emm
The density "reforms" will put more children into Singapore, Hong Kong, South Korea high rise battery hen coops. For 20 years I have been providing outdoor recreation in a natural environment for children. Children are getting noticeably softer and more divorced from nature. Tiny outdoor spaces for children will keep them on their gaming machines.
Greens could win all the Nationalists and conservative votes and take power with one political phrase "African houses are for Africans, Asian apartments are for Asians but Aussie housing is for everyone"
Why do we all have to commute to 1 sq km of land everyday in the middle of the CBD to fill an office building? That seems dumb. We need to rethink that. Backyards provide crucial space for play-based learning and a way for kids to connect with nature which you simply cannot replace with HD living
@@soulsphere9242 Spread the jobs around. Everything does not have to happen in the CBD. Stop importing 100,000s of new people, but import some based on brains and quality. Selective immigration will give us an accidental gene pool advantage, instead of violent criminal gangs.
@@rv5020 Only clerks think that the CBD and slave made coffee are important.❤
Density doesn't have to be high rises - it can just be town houses or 3 story blocks of units. Being really close to a park can be just as rewarding as having a backyard - plus someone else mows the grass!!
HEY TONY WE WANT HOUSES!! NOT UNITS!! TONY YOU'RE NOT LISTENING TO THE AUSTRALIAN PEOPLE 🤦♂️🤦♂️
It's a start. And plenty of people are happy to get their foot in the door with a unit. If there is a surplus of units, it will also help house prices.
People want different things. It's not just a choice between a house and unit. Other housing forms include duplex, triplex, townhouse, courtyard cottages, etc... Trading away space for proximity to ammenities and employment may be worth it.
Single family houses are super expensive in terms of land, infrastructure, and emissions. Increasing supply of medium density homes is a much smarter approach.
oh oh First Nation People second nation people and the now dominating third Nation good people...
working with First Nation People is the way to go for this Continent go go go >>>>>>>
🚻🚻 25 million homeless people or brainless people ????
Call the Army to work it out + a donation of billions from THE Lady Dollar
Thank U 😇🍴🍽
I said: Call in the Army to build a new Australia for everybody !!!