righttohousing.com.au

A house here costs $940,000 today. By the time I finish uni: $1.6 million. By the time I'm 40: $5.5 million. The deposit alone is $1.1 million. House prices grow at 6.8% a year. My wages will grow at 3%. I was never supposed to catch up.

This isn't bad luck. It's arithmetic. And someone built it this way.

THE GAP
House prices rose 193% in twenty years. Wages rose 81%. My parents' generation saved a deposit in four years. Mine will take twenty. Same country. They changed the rules after they got in.

THE PEOPLE IN CHARGE
135 out of 226 federal MPs own two or more properties. They spend $12.3 billion a year on negative gearing and capital gains tax discounts — $7.2 billion of which goes to the richest 10%. I am subsidising the people who will outbid me.

WHAT WE DEMAND
  1. End negative gearing beyond one investment property.
  2. Scrap the capital gains tax discount for investors with multiple properties.

Is a roof over your head a human right — yes or no?

Sign this. Send it to someone who still thinks the system works.

See the maths: righttohousing.com.au