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The government has missed one idea to get housing back on track
Houses and apartments cost between $350,000 and $400,000 each to build. (ABC News: John Gunn)
If it's serious about improving intergenerational fairness and housing affordability in this week's budget, perhaps the government should just build some houses.
That's about as likely as my last bright idea of nationalising child care, but back when housing was affordable, public housing was an important part of the mix.
Whitlam tried to restart it after Menzies slashed it, but the states resisted, and since then, federal governments have exited public housing.
The Housing Australia Future Fund's support for community housing is a good policy, but it is too limited.
Australia politics live: budget funds to speed up environmental approvals; Coalition deals with Farrer loss
Prime minister says Farrer byelection a âdevastatingâ loss for Angus Taylor and the Liberal party. Follow todayâs news live
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Anthony Albanese is continuing to stick the knife into the Liberal party after it lost its seat of Farrer to One Nation, saying he wasnât that surprised the minor party won.
Former Liberal leader Sussan Ley resigned from parliament earlier this year after she was ousted by Angus Taylor, sparking the byelection.
Speaking to 4CA radio Cairns, Albanese says the Liberals and Nationals âdonât really stand for anything any moreâ.
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Chalmers’ budget tax cuts on one-year delay
Australians will not receive a bonus tax cut this year to compensate for tax hikes on asset owners as the Albanese government aims to rein in ballooning debt and avoid stimulus that might fuel inflation and interest rates.
This masthead has confirmed through cabinet sources that a potential one-off tax offset for wage earners is expected to be handed to voters at tax time in 2027, rather than this financial year.
Resisting the temptation to woo voters with a tax offset during a petrol price shock, Prime Minister Anthony Albanese and Treasurer Jim Chalmers have made a call to stick this year with the modest “top-up” tax cuts announced in last year’s budget – worth about $5 a week to people earning more than $45,000 a year – and due to kick in from July.
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