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Housing dream becoming a nightmare?

Media Release
Rachel Siewert 5 Nov 2007

The Australian Greens today launched their housing policy, to address the drastic housing affordability crisis across Australia.


"Quick fix solutions don't exist – we need a comprehensive, in-depth approach that tackles all levels of this problem," said Senator Rachel Siewert, Australian Greens spokesperson for Housing today in Perth.


"The lack of affordable housing in this country reflects a serious market failure as well as serious policy failure by both federal and state governments."


"With an interest rate hike likely tomorrow, and further upward pressure on inflation caused by the billions of dollars of tax cuts from both major parties, housing affordability is slipping even further away for struggling Australian families," said Senator Siewert.


"Almost 1.2 million Australian households are already in 'housing stress' and over 400,000 are in 'extreme housing stress'. These figures are simply unacceptable. We need a Government who is willing to act comprehensively."


"One-off populist measures, such as simply releasing more land or encouraging saving by first homebuyers, don't tackle the underlying structural issues that continue to push up the un-affordability of housing in Australia," she said.


"Government spending on housing declined by around 30% in the last decade while the number of households in housing stress has grown over the same period," said Senator Siewert.


"There is a clear link between the lack of stable housing and the perpetuation of intergenerational poverty," she said.


"The Greens housing policy includes a mix of public and private housing – with a target of 20% low cost and public housing, as well as a significant increase in investment in public and community housing," she concluded.

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