Tax mix switch fix for Australia’s greenfield housing failure
Labor’s new house targets and performance payments aren’t enough. Broad reform is needed to reduce the state government-imposed infrastructure costs on new homes.
Housing affordability, or lack thereof, is arguably the greatest policy failure of our time. The federal government’s latest response to boost the chronic undersupply of new housing is encouraging. A target of building 1.2 million new homes over the five-year period to 2029 has been set, with the commonwealth agreeing to pay $15,000 to the states for every home built in excess of the old five-year target of 1 million.
Australia is a big place but the average size of a new housing block has shrunk, halving in 40 years. Rob Homer
Loading...
Peter Jones has worked at the Office of the Economic Planning Advisory Council, BIS Shrapnel (now Oxford Economics), the Northern Territory Treasury, and Master Builders Australia.
![“We’re having a birthday party for [daughter] Rada in a few weeks and we’re going to get the truck to come, which is a real flex,” O’Neill says.](https://static.ffx.io/images/$zoom_0.7012%2C$multiply_2%2C$ratio_1.777778%2C$width_1059%2C$x_732%2C$y_641/t_crop_custom/c_scale%2Cw_600%2Cq_52%2Cf_auto/b5e4395344f07ccd1e3a348af02af77c8eeb8d1b)
