Housing supply: media releases

The greatest poverty of all

National Shelter media release — 17 October 2011

In light of Anti-Poverty Week, National Shelter is stressing investment in affordable housing is key to relieving poverty in Australia.

One in 10 Australian households is currently experiencing housing stress and, on any given night, over 105,000 people in Australia are homeless.

Chairperson of National Shelter, Adrian Pisarski, said that while Anti-Poverty Week focuses on a range of service areas, affordable housing needs to be a priority.

‘House prices and rents have risen well above inflation. For people on low incomes, housing costs are consuming more of their income and leaving less for other essentials.’

‘For those already struggling with the day-to-day cost of living, these interest hikes or rent rises can be crippling.’

National Shelter believes that appropriate, accessible and affordable housing is the strongest solution to helping the lives of disadvantaged Australians.

‘All sorts of social and financial difficulties arise from families not being able to access appropriate and affordable accommodation.’

‘Lack of work options, access to public transport and infrastructure like doctors and day care to name a few.’

‘Community services, the federal government and private sector need to work together to build a sustainable affordable housing supply.’

National Shelter encourages all investors to the National Rental Affordability Scheme (NRAS) as a sustainable solution to growing the nation’s affordable housing supply.

Adrian Pisarski, Chairperson: tel: (07) 3831 5900, 0417 975 270; email: eo@qshelter.asn.au

Joanna Carson, Communications Officer: 0418 718 584: email: comms@qshelter.asn.au
 

Regional affordable housing funding: what a relief!

National Shelter media release — 12 October 2011

Housing peak National Shelter welcomes the affordable housing grants now available under the federal government’s Building Better Regional Cities program.

Local councils in 47 regional centres across Australia can now apply for federal funding (a total of $100 million) to support more affordable housing in their communities.

National Shelter Chairperson, Adrian Pisarski, said the program is definitely moving in the right direction to relieving the housing pressures in regional areas.

‘Australia’s regional areas are struggling just as much, if not more, with the housing affordability crisis.’

‘A lot has changed in the course of Australia’s mining boom, and the societal impact on our regional centres is large and long-term.’

‘We have seen house prices increase triple-fold and nurses and teachers relocate from the regions to the cities because they can’t afford accommodation.’

‘It is a relief to know the federal government is encouraging regional councils to take initiative against this housing crisis and inject some funding into those areas.’

National Shelter believes a sustainable solution to Australia’s housing affordability crisis is the National Rental Affordability Scheme (NRAS).

Applications will close at 4.00 pm (AEDT) on Friday, 18 November 2011.

Adrian Pisarski, Chairperson: tel: (07) 3831 5900, 0417 975 270; email: eo@qshelter.asn.au

Joanna Carson, Communications Officer: 0418 718 584: email: comms@qshelter.asn.au

 

Put a brake on the breaks: tax distortions are a structural barrier to affordable housing

National Shelter media release — 4 October 2011

The property tax breaks featured in the most recent Australian Tax Office figures work against Australian households that need affordable housing.

National Shelter believes the $30 billion claimed by investors represents a structural problem which could be addressed at the tax forum in Canberra over the next two days.

Chairperson of National Shelter, Adrian Pisarski, who will be attending the forum, says despite the massive tax breaks the market fails to produce sufficient affordable rental.

‘If tax payers are to subsidise investment in residential property we should expect a public return in the form of affordable rental housing, not wealth creation.’ Whilst 47.5% of low?income households are in rental stress, it is offensive that tax rules allow such generous deductions against any income source for investors.

‘No comparable country is as generous, and this distortion combines with very high capital gains tax exemptions to encourage speculative investment of more expensive housing’, Mr Pisarski said.

Despite receiving $24 billion in rental income, investors claimed a massive $30 billion in losses, leaving a $6 billion tax windfall for investors.

National Shelter is concerned the forum will not consider how the states can move from stamp duties to land tax to create more certain revenue streams and ease housing mobility.

The Henry tax review made sensible recommendations about deductibility and the treatment capital gains and the forum should expect a timetable for those reforms to be established next week.

‘We need to put a brake on the breaks. $30 billion – how many houses can that build in Australia?’

Adrian Pisarski, Chairperson: tel: (07) 3831 5900, 0417 975 270; email: eo@qshelter.asn.au

Joanna Carson, Communications Officer: 0418 718 584: email: comms@qshelter.asn.au

 

Housing peak welcomes round 4 of National Rental Affordability Scheme

National Shelter media release — 4 October 2011

 

National Shelter is pleased to hear the Gillard government has announced round 4 of the National Rental Affordability Scheme (NRAS).

The round includes delivery on over 200 projects to build more than 17,000 properties for low- to moderate-income households to rent below market rate.

Chairperson of National Shelter, Adrian Pisarski, said the Gillard Government has shown foresight in allocating NRAS contributions in forward spending.

‘It is critical that government invest in long-term solutions like NRAS to address the housing stress currently being experienced in Australia.’

‘The Gillard government has shown great commitment in developing and supporting NRAS and should now look at increasing the program in future.’

The division of round 4 of NRAS as follows:

  • New South Wales: more than 4700 properties
  • Queensland: more than 5600 properties
  • Victoria: more than 900 properties
  • Western Australia: up to 2300 properties to date
  • South Australia: more than 400 properties to date
  • Tasmania: more than 1000 properties
  • Northern Territory: more than 400 properties
  • ACT: more than 1500 properties.

The National Rental Affordability Scheme is about increasing supply of new affordable rental housing, reducing rental costs for low- and moderate-income households and encouraging investment and innovative affordable housing.

Adrian Pisarski, Chairperson: tel: (07) 3831 5900, 0417 975 270; email: eo@qshelter.asn.au

Joanna Carson, Communications Officer: 0418 718 584: email: comms@qshelter.asn.au

 

 

Big banks bash battlers

National Shelter media release — 13 September 2011

 

National Shelter is horrified that National Rental Affordability Scheme (NRAS) properties may have been ‘blacklisted’ by the big banks (Sydney Morning Herald, 12 September 2011).

A federal–state program designed to boost housing for low-income earners, NRAS properties are reportedly barred from finance approval according to a list circulated to mortgage brokers in late 2010.

National Shelter Chairperson, Adrian Pisarski, said this treatment of investors in affordable housing is unacceptable.

‘It is truly frightening to think a federal initiative that government and the community sector have worked so hard to create can be trampled by banks’ shortsightedness.’

National Shelter believes the big banks have not yet fully realised NRAS is a sustainable and successful business model adding choice for housing consumers.

‘We have an affordability crisis in Australia and the major financial institutions are making matters worse in an act of laziness which will affect generations to come.’

‘NRAS is an innovative and sustainable business model which has created, and will work to create more, affordable housing options for low-income households.’

‘NRAS is an opportunity, not a risk – it is time the big banks saw that’, Mr Pisarski said.

Adrian Pisarski, Chairperson: tel: (07) 3831 5900, 0417 975 270; email: eo@qshelter.asn.au

Joanna Carson, Communications Officer: 0418 718 584: email: comms@qshelter.asn.au