With rents increasing seven times faster than wages, and millions locked out of the housing market, Australia is in the middle of a massive housing crisis.
Labor’s plan to build just 30,000 public and community homes over five years won’t even touch the sides of a national shortage of 640,000 public homes.
It’s very likely that Labor will need the Greens support to pass their housing plan through the Senate. We're currently in good faith negotiations with the government to ensure that Labor's plan includes;
- A minimum of $5 billion invested in social and affordable housing every year (indexed to inflation) and removing the $500 million cap
- A national plan for renters including the Prime Minister putting a national freeze on rent increases on the national cabinet agenda and an immediate doubling of Commonwealth Rent Assistance in the Budget
- $1 billion investment in remote Aboriginal Housing
- All housing funded through the Fund should meet minimum inclusive design standards (Liveable Housing Australia Silver)
As it stands, Labor's housing bill will see spending on social and affordable housing cut in real terms every year, and the shortage of social and affordable housing get worse.
Labor wants to invest $10 billion in the stock market through the Future Fund and only invest the returns on housing. This isn’t a $10 billion investment in housing, it’s a $10 billion gamble on the stock market, with a $500 million per year spending cap on housing.
You don’t fix the housing crisis by locking in real terms cuts to housing spending every year and subjecting it to the ups and downs of the stock market.
Sign the petition calling on Labor to agree to the Greens demands for a better housing plan