The Greens Treasury spokesperson, Senator Peter Whish-Wilson, provides the following comments on the release of HILDAs The Household, Income and Labour Dynamics in Australia Survey.

Senator Whish-Wilson said, “These survey findings won’t be a surprise for young people but they should be a wake-up call for the Government.

“These figures are catastrophic. No matter how hard young people are working or how much time they are putting into study, the ability of a young person to own their own home is slipping away.

It is time to dismantle the rigged system that privileges investors and landlords over everybody else, said the Leader of the Australian Greens, Senator Richard Di Natale.

“Australia is facing a housing crisis. Everyone needs a home where they can feel secure, live comfortably and be part of the community. But this is becoming increasingly difficult for millions of average Australians.

The Greens have responded to reports of a private developer's plans for the former defence land along the Maribyrnong River, saying this is a typical Turnbull government move to deliver massive profits to big developers, with zero input from the community and no clear plan for fixing our housing affordability crisis.

“If you’re under the age of 35, you’ve been screwed over in this budget - whether it’s the gouging of higher education, the lack of action on climate change or the refusal to tackle housing affordability,” Leader of the Australian Greens Dr Richard Di Natale said.

“It’s clear that the Government finally understands you can’t just keep cutting spending without raising revenue. But this is a budget with no vision or direction for the country. It isn’t a roadmap for the future, it’s a highway to nowhere,” Dr Di Natale said. 

Greens Treasury spokesperson, Senator Peter Whish-Wilson, is today calling on the Government to end its reckless support for negative gearing and capital gains tax discounts that are fuelling a housing crisis.

Senator Whish-Wilson said, “It doesn’t seem to matter which expert comes out against negative gearing or what happens to house prices, the Government remains in denial about its role in the housing crisis.

Greens Treasury spokesperson, Senator Peter Whish-Wilson, is today calling on the Government to end its reckless support for negative gearing and capital gains tax discounts that are fuelling a housing crisis.

Senator Whish-Wilson said, “It doesn’t seem to matter which expert comes out against negative gearing or what happens to house prices, the Government remains in denial about its role in the housing crisis.