Af­ford­abil­ity the key fac­tor

Port Douglas & Mossman Gazette - - FRONT PAGE -

A RE­CENT poll showed hous­ing af­ford­abil­ity was one of the most im­por­tant is­sues for all Aus­tralians.

Home own­er­ship is de­clin­ing af­ter three decades of sta­ble lev­els and first-home buy­ers are find­ing it in­creas­ingly dif­fi­cult to en­ter the mar­ket, de­spite the in­ter­est rate cuts, due to the re­moval of the stan­dard First Home Own­ers Grant in Queens­land.

Of course, hous­ing is a com­plex is­sue, with a num­ber of eco­nomic, so­cial and in­fra­struc­ture fac­tors de­ter­min­ing af­ford­abil­ity, but the REIQ and REIA want to see the ma­jor par­ties com­mit to tak­ing a lead­er­ship role in de­vel­op­ing a co­or­di­nated and strate­gic ap­proach to hous­ing, in­clud­ing com­ple­men­tary poli­cies cov­er­ing first- home buy­ers and tax­a­tion re­form.

A re­cent Aus­poll found hous­ing to be the No. 1 is­sue amongst vot­ers, and the re­cent Gen­worth Home­buyer Con­fi­dence In­dex found 70 per cent of non-prop­erty own­ers thought the Aus­tralian dream of home own­er­ship was un­re­al­is­tic.

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