Australia Today 🇦🇺

CONFIDENTIAL: The Report That Could Have Fixed Housing. Buried. The Albanese government was handed PBO Report PR-2024-933 — a confidential policy costing on negative gearing and capital gains tax, completed 6 March 2024, released 23 April 2024. The findings were clear. Limiting negative gearing to new builds and removing CGT discounts would: 1) Lower house prices. 2) Shift investors into other asset classes. 3) Free up existing homes for first-home buyers. 4) Save the budget $62.4 billion over a decade. The Prime Minister had this information. He knew the benefits. He knew it would ease the housing crisis. He chose to do nothing. Because propping up the housing Ponzi scheme serves those at the top. This isn’t policy failure. It’s deliberate. #auspol #housingcrisis #costofliving #ausvotes pbo.gov.au/sites/default/fil…

Here are 15 policy ideas to restore fairness in the housing market: 1. Drastically reduce immigration to relieve pressure on housing demand. 2. Ban foreign ownership of residential property. 3. Stop universities acting as de facto immigration agencies. 4. Tax vacant homes heavily to discourage land banking. 5. Scrap negative gearing and capital gains tax concessions for existing properties. 6. Require a 20% deposit for all property purchases to curb risky lending. 7. End taxpayer-funded subsidies for property speculation. 8. Build more homes — not just luxury apartments, but affordable, family-suitable housing. 9. Ban companies and trusts from owning residential property — people need homes, not portfolios. 10. Limit investment property ownership to 1 per person (2 if they’re new builds). 11. Implement rent caps to protect tenants from predatory hikes. 12. Increase land tax on investment properties to discourage hoarding — reinvest that into housing construction subsidies. 13. Peg immigration to housing vacancy rates — not ideology or GDP targets. 14. Rezone unused or underused land for high-density public housing. 15. Enforce transparency over who owns housing — too much is hidden in corporate or overseas shells. But let’s be honest... most political parties won’t touch these ideas. Why? Because they don’t actually want affordable housing. They’re too invested in propping up the housing Ponzi scheme to keep prices rising forever. They are too afraid to make the hard decisions that will benefit all Australians to come. REPOST to spread the word and COMMENT with your own ideas. It’s time the public forced this debate into the spotlight. #auspol #HousingMarket #costofliving #housingcrisis