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Solution to Four Corners housing exposé is to regulate propety investments as a financial product

Greens Treasury spokesperson, Senator Peter Whish-Wilson, has reiterated calls for investment property to be treated as a financial product in the wake of the 4 Corners report on the state of the housing market in Australia.

Senator Whish-Wilson said, “Australia’s housing market is a debt-fuelled bubble driven primarily by tax breaks to investors. This is distorting the entire economy, creating enormous financial risk, and pushing the price of housing out of the reach of young people.

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HILDA figures show Situation Normal All Fouled Up for young Australians

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.

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Rock bottom – over 98% of homes unaffordable for single households on government payments

Lee Rhiannon 27 Apr 2017
The Greens say the latest Anglicare rental affordability snapshot illustrates the magnitude of the housing crisis, and the inadequacy of the current social safety net. Greens housing spokesperson Senator Lee Rhiannon has backed Anglicare’s calls for urgent Federal intervention, including the development of a national affordable housing finance corporation, winding back negative gearing and the capital gains tax discount, and implementing a national plan for renters. 
 
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Labor dog-whistling on “foreign” property buyers

Lee Rhiannon 21 Apr 2017

Labor has damaged their credibility and raised doubts about their response to the housing crisis by running a scare campaign about the impact “foreigners” are having on housing prices, the Greens housing spokesperson Senator Lee Rhiannon said today.

“It’s disappointing that Labor have continued the xenophobic tactics of the Turnbull government by scapegoating ‘foreigners’ in their housing announcement today,” Senator Rhiannon said.

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PM’s axe falls on housing affordability – another Turnbull failure

Lee Rhiannon 11 Feb 2017

One of the biggest failures of the Turnbull government is shaping up to be their inability to ensure all Australians have access to secure affordable housing, Greens housing spokesperson Senator Lee Rhiannon said in response to reports that the National Affordable Housing Agreement (NAHA) will be scrapped in the May Budget.

“Winding up the $9 billion National Affordable Housing Agreement will push more people into homelessness and lock people out of secure housing,” Senator Rhiannon said.

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Greens respond to poor Mid-Year Economic and Fiscal Outlook report card

The Mid-Year Economic and Fiscal Outlook released today highlights the Turnbull Government’s dead-end plan to balance the budget on the backs of the most vulnerable Australians, Leader of the Australian Greens Dr Richard Di Natale said.

​“There is one message in this MYEFO for everyday Australians: unless you’re a big corporation or Liberal Party donor, you don’t matter.”

“Malcolm Turnbull’s plan to hand out tax cuts to the wealthiest Australians while wage growth remains stagnant is a slap in the face to ordinary Australians doing it tough.” 

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