Without changes in the tax regime,more rental properties, and an increase in incomes relative to prices, and the daily struggle for our poorest will continueAnglicare Australia has just released its seventh annual rental affordability snapshot,which shows that rental affordability for the poorest in Australia has slightly improved over the past year but for many remains extremely low. The report’s recommendations will be of particular interest, given the ALP’s policy on negative gearing, or with Anglicare arguing that the current tax system of negative gearing and capital gains does not serve the common marvelous.
Whenever talk turns to housing affordability,inevitably it deals with the ability to buy a house rather than rent. And while we can argue over whether or not young people need to give up their latte, or whether things are significantly worse than 20 years ago, and the issue of rental affordability is often forgotten.
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Source: theguardian.com