Housing Affordability NOW!

The issue

We demand immediate legislative actions to address housing through these six straightforward policies:

1: Curb immigration to sustainable levels so the system can absorb them. For the sake of our well being as well as the prospective migrants, it is only the right thing to do fo have sufficient infrastructure, amenities, and most importantly, housing, to accommodate our own and prospective migrants.

2. A review on future negative gearing and capital gains tax concessions for properties. This is an outdated policy which is severely exacerbating the current housing and cost of living crisis. These outlier policies among our first world peers incentivizes excess savings and capital to be diverted towards rent seeking assets. Rent seeking investments are non-productive in nature, but more importantly, forgoes productive investments into creating new jobs and industries (a focus we are rapidly slipping behind in amongst our first world peers). 

3. Rapid and significant investment into the construction of social and private housing. Labor's Housing Affordability Future Fund (HAFF) is embarrassingly insufficient in it's depth to alleviate relief in the housing stock. Federal government needs to work together with State governments to ensure a targeted and sincere focus to increase housing stock to meet not only current deficits, but also maintain to accommodate for the ongoing immigration flow. Furthermore, an expansion into government co-ownership will open up opportunities for more working class households who are otherwise condemned to a life of rent-slavery.

4. Tighter regulation and enforcement of real estate agents and property managers. Enforce rent bidding and fraudulent actions systemic in practice in the industry as criminal in nature. An agent is but a liaison between stakeholders, and should not be allowed to have power over families' livelihoods, nor the ability to manipulate the property market at large. Increase transparency and surveillance of real estate agent and landlord activities by creating a centralized portal like how MyHealth for the health industry. 

5. Limit rental increases and tighten tenancy laws. Remove 'No-grounds evictions' and limit rental increases to CPI. 

6. New foreign investments in residential property to be limited to new build construction projects only, secondary purchase of finished constructions (off the plan) to be banned. Companies with a foreign Ultimate Beneficial Owner (UBO) to be subject to these limitations. 

Housing has long been treated as an investment vehicle instead of a human necessity. Now it is reaching a boiling point where the average working household will unlikely ever be able to have a place to call their own home, and entire generations of Australians will be stuck in an ever more greedy system of rental extraction and tenant abuse. This cycle of rent slavery is an existential attack on the conscience of the working class, and will undoubtedly damage social cohesion and rapidly cause deterioration of socioeconomic landscape of Australia. 

Being able to afford a home is the absolute bedrock of social stability, and social mobility. One cannot go their entire lives and retire soundly if a good fraction of their hard work is taken away from them to fund another landlord who "just don't want to work anymore".

This causes so many issues for the 60-70% of Australians who are current renting or trying to get on top of their mortgage, from social mobility to sense of community, to national cohesion. Housing inequality, is social inequality. And as a self proclaimed first world country, we are constantly gaslighted into thinking and letting this happen. But we will no longer accept this cowardice from the political class. Housing will be the destruction of Australia society without active and swift intervention by politicians who are paid and elected to fix such issues rather than to dance the tunes and interests of the wealthy and powerful minority. 

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Disgruntled 419eaterPetition starterA Sydney Sider with formal tertiary qualifications in international relations and a lifelong student of transdisciplinarity, closely focused on current affairs. Keenly interested in progressing the welfare of Australians and building a cohesive nation.

1,448

The issue

We demand immediate legislative actions to address housing through these six straightforward policies:

1: Curb immigration to sustainable levels so the system can absorb them. For the sake of our well being as well as the prospective migrants, it is only the right thing to do fo have sufficient infrastructure, amenities, and most importantly, housing, to accommodate our own and prospective migrants.

2. A review on future negative gearing and capital gains tax concessions for properties. This is an outdated policy which is severely exacerbating the current housing and cost of living crisis. These outlier policies among our first world peers incentivizes excess savings and capital to be diverted towards rent seeking assets. Rent seeking investments are non-productive in nature, but more importantly, forgoes productive investments into creating new jobs and industries (a focus we are rapidly slipping behind in amongst our first world peers). 

3. Rapid and significant investment into the construction of social and private housing. Labor's Housing Affordability Future Fund (HAFF) is embarrassingly insufficient in it's depth to alleviate relief in the housing stock. Federal government needs to work together with State governments to ensure a targeted and sincere focus to increase housing stock to meet not only current deficits, but also maintain to accommodate for the ongoing immigration flow. Furthermore, an expansion into government co-ownership will open up opportunities for more working class households who are otherwise condemned to a life of rent-slavery.

4. Tighter regulation and enforcement of real estate agents and property managers. Enforce rent bidding and fraudulent actions systemic in practice in the industry as criminal in nature. An agent is but a liaison between stakeholders, and should not be allowed to have power over families' livelihoods, nor the ability to manipulate the property market at large. Increase transparency and surveillance of real estate agent and landlord activities by creating a centralized portal like how MyHealth for the health industry. 

5. Limit rental increases and tighten tenancy laws. Remove 'No-grounds evictions' and limit rental increases to CPI. 

6. New foreign investments in residential property to be limited to new build construction projects only, secondary purchase of finished constructions (off the plan) to be banned. Companies with a foreign Ultimate Beneficial Owner (UBO) to be subject to these limitations. 

Housing has long been treated as an investment vehicle instead of a human necessity. Now it is reaching a boiling point where the average working household will unlikely ever be able to have a place to call their own home, and entire generations of Australians will be stuck in an ever more greedy system of rental extraction and tenant abuse. This cycle of rent slavery is an existential attack on the conscience of the working class, and will undoubtedly damage social cohesion and rapidly cause deterioration of socioeconomic landscape of Australia. 

Being able to afford a home is the absolute bedrock of social stability, and social mobility. One cannot go their entire lives and retire soundly if a good fraction of their hard work is taken away from them to fund another landlord who "just don't want to work anymore".

This causes so many issues for the 60-70% of Australians who are current renting or trying to get on top of their mortgage, from social mobility to sense of community, to national cohesion. Housing inequality, is social inequality. And as a self proclaimed first world country, we are constantly gaslighted into thinking and letting this happen. But we will no longer accept this cowardice from the political class. Housing will be the destruction of Australia society without active and swift intervention by politicians who are paid and elected to fix such issues rather than to dance the tunes and interests of the wealthy and powerful minority. 

avatar of the starter
Disgruntled 419eaterPetition starterA Sydney Sider with formal tertiary qualifications in international relations and a lifelong student of transdisciplinarity, closely focused on current affairs. Keenly interested in progressing the welfare of Australians and building a cohesive nation.
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Petition created on 21 November 2023