The University of Tasmania-driven final report of the national policy inquiry into housing tax reform has been released to positive media reaction.
The inquiry has been led by University researchers, notably Dr Kathleen Flanagan, Deputy Director, of the Housing and Community Research Unit; Research Fellow Julia Verdouw and Institute for the Study of Social Change Director Professor Richard Eccleston, for the Australian Housing and Urban Research Institute (AHURI) over the past two years.
“Applied slowly over time as recommended, the AHURI report’s tax reforms would go a long way to closing the doors once and for all on the irresponsible casino Australian housing has become, and to ensure fairer access to property ownership for all Australians,” wrote Jessica Irvine, a senior economics writer with Fairfax Media.
“It should be compulsory reading for all state and federal politicians.”
The report begins: “Despite a sustained period of economic growth in Australia, housing affordability and accessibility have declined significantly in recent years. The resulting shortage of suitable, affordable housing is having an adverse effect on the housing needs and aspirations of many Australians and represents a growing risk to the Australian economy.”
Then it identifies the reason why: “There is increasing evidence that tax policy settings are contributing to the problem, exacerbating intergenerational inequality, inflated housing prices and reduced mobility.”
Read the executive summary: