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Housing crisis hits hard

Media Release
Rachel Siewert 17 Sep 2007

"The Government must act now to halt Australia's housing crisis," said Senator Rachel Siewert today.

"In the past decade the median house price in Australia has increased from four times average incomes to six to seven times average incomes."

"Australia needs a national affordable housing plan, and it has to happen now."

"We are supposedly in economic boom times, yet many Australians can not afford to buy a home or even rent one. Young Australians are facing the prospect of never owing their own homes," she said.

The Greens are calling for an urgent review of all taxes, grants and concessions including negative gearing, Capital Gains Tax exemptions and First Home Owners Grants to assess their impact on the housing market.

"I remind the Government that this is a matter of urgency. A national, affordable housing strategy needs to be developed involving all levels of government."

"This is bad economic policy and ordinary Australians are not being given a fair go," concluded Senator Siewert.

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