Housing experts budget essentials to fix housing crisis - realestate.com.au
- Experts suggest limiting negative gearing for existing properties to tackle the housing crisis while enhancing tenant protections and tax changes.
- Australia is projected to fall short of its target by 462,000 homes by 2029, potentially causing rent increases of nearly $100 weekly, according to the Property Council.
- The Property Council advocates for doubling the $3 billion New Homes Bonus to incentivize building more homes and address the significant housing gap.
- Urgent reforms are needed across the federal budget, including expanding the First Home Guarantee and providing targeted support for construction industries to combat high building costs.
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