Flagpost is a blog on current issues of interest to members of the Australian Parliament

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State and territory housing debts

Recent media reports  indicated that Senator Jacquie Lambie intended to support the Government’s (now passed) tax cuts if the Government provided further assistance to help tackle homelessness in Tasmania. In making her case, Senator Lambie referred to Tasmania’s outstanding housing debt to the Australian Government. Senator Lambie argued that the repayments and interest on this debt are detracting from the state’s ability to build further social housing and reduce housing waiting lists. Senator Lambie’s call for Australian Government assistance follows reports last month that Tasmanian’s Housing Minister, Roger Jaensch intended to approach the Government... Read more...

Commonwealth officer as Observer at NHFIC Board meetings

Established on 30 June 2018, the National Housing Finance and Investment Corporation (NHFIC) is a statutory authority that: makes loans, investments and grants for enabling infrastructure that supports new housing, particularly affordable housing; and provides cheaper and longer-term financing to registered community housing providers through Australia's first national Affordable Housing Bond Aggregator (AHBA). The National Housing Finance and Investment Corporation Act 2018 (NHFIC Act) includes a provision for a Commonwealth officer to be appointed as an Observer to attend NHFIC Board meetings. This Flagpost discusses the statutory Observer position in the context of the review of corp... Read more...

Budget impacts of negative gearing

‘Negative gearing’ has been a topic of frequent debate. This flagpost summarises some of the estimates of the impact of negative gearing on the Commonwealth Budget. Read more...

Housing affordability and social housing

Australia’s housing affordability situation is dire, and looks set to worsen. The figures, as outlined in a recently released AIHW report, are stark. They indicate that between 2001 and 2011 national average house prices increased by 147 per cent, from $169,000 to $417,500, while median household disposable income rose by 57 per cent. Further, the proportion of Australian households in housing stress (that is, spending over 30 per cent of their gross household income on housing costs, either mortgage repayments or rent) has increased from 14 per cent in 1994–5 to 18 per cent in 2011–12, with 2 in 5 (42 per cent) of these being low-income households (in the lowest 40 per cent of the income d... Read more...

The future of public housing in Australia

The Australian Institute of Health and Welfare (AIHW) has just released a significant report on public housing in Australia. The report provides an extensive profile of public housing delivered under the last Commonwealth State Housing Agreement and the first six months of the National Affordable Housing Agreement (NAHA), which commenced on 1 January 2009. This report closely follows the release of an Australian Housing and Urban Research Institute (AHURI) publication that critically analyses the future of public housing in Australia.While they differ substantially in their approaches to the subject matter, both the AIHW and AHURI reports highlight the need to maintain and expand existing pu... Read more...

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