No Budget measures to fix Australia’s broken housing system

09 May 2018

No Budget measures to fix Australia’s broken housing system

Leading community housing provider, Compass Housing, is disappointed there is nothing for housing in the Federal Budget handed down tonight (May 8).

Compass Housing’s Prof David Adamson OBE said the housing needs of Australian’s have been ignored despite widespread agreement and evidence that Australia’s housing system is broken.

The recently announced Everybody’s Home campaign, prepared by leading academics and housing experts, shows there is a 500,000 shortfall in social and affordable homes.

“Housing is fundamental to the productivity and health of every single Australian,” Professor Adamson said.

“If the Government is concerned about rewarding and supporting low income earners there would be assistance measures to ease the rental stress faced by many,” he said.

“There’s nothing in the Budget to help first home buyers or to counter Australia’s high house prices either.”  

“The Treasurer spoke of the importance of investing in infrastructure; housing is fundamentally important, job creating infrastructure.”

“Australia needs a national housing plan and a federal Housing Minister.”

ENDS

Media information: David Adamson is available for interview. Contact Craig Eardley on 0437477493.