Make no mistake, there is a problem:
Australians working in the country’s most common jobs cannot comfortably own their own home, new analysis shows, as the Greens double down on stalling the Albanese government’s housing bills.
Childcare workers, aged carers and teachers are among those priced out of the market, a parliamentary library analysis requested by the Greens shows.
It would take almost two decades for people in those jobs to save a 20% house deposit, based on saving 15% of their salary each year.
However, there is no solution on offer:
“For far too many the Australian dream of owning a home is dead, and it’s been killed by Labor and the Liberals with tax handouts to property investors,” Chandler-Mather said.
“The Greens are ready to work with Labor to phase out the tax handouts to property investors and use the savings to invest in quality government-built homes that can be sold and rented for cheap.”
Yawn. This will make the problem worse. Prices will fall briefly, then rebound even faster as builder affordability dies, choking construction and kicking rents higher again.
The tax reforms are good. But they are not a solution on their own.
What is more important is to take pressure off demand.
But the Greens plan to lift demand even more:
There is no housing affordability party in the parliament, only degrees of hypocrisy.
