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If government is serious about tackling the housing crisis, it must help private investors

By Graham Young - posted Friday, 14 July 2023


Prime Minister Anthony Albanese is fond of telling us he grew up in public housing, and this appears to be a case of mixed emotions.

While he advances it as a badge of deprivation honour, across the Labor party, there is a romantic view of public housing as the nest that mother Australia provides her needy.

Public housing has never contributed significantly to Australian housing, and no government shouldn't let sentimentality and natural prejudices cloud their vision.

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To ultimately solve the housing crisis, you need to set everyday Australians free to invest, and they need new stock to invest in.

So spend your efforts freeing-up land supply, and please leave the lower to the middle class, who provide 83 percent of rental stock alone.

 

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This article was first published by the Epoch Times.



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About the Author

Graham Young is chief editor and the publisher of On Line Opinion. He is executive director of the Australian Institute for Progress, an Australian think tank based in Brisbane, and the publisher of On Line Opinion.

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