The Greens say the Coalition’s plan for housing affordability, announced today by Treasurer Scott Morrison, is no plan at all.
Greens spokesperson for housing Senator Lee Rhiannon said, “We still don’t know what the Turnbull government’s plan to fix housing affordability actually is.
“The Coalition’s housing strategy is an ongoing exercise in blame-shifting and excuses.
“Since the Liberal-Nationals came into government they have stood by as house prices climbed 58% in Sydney, and they have watched on as thousands of young people gave up hope of ever owning a home.
“Today the Turnbull government confirmed it will continue to allow tax concessions to supercharge the housing market, and called it a plan.
“We need to phase out negative gearing and the CGT discount, invest billions in public and community housing and swap stamp duty for a broad-based land tax,” Senator Rhiannon said.