2022-12-18
Today NSW Greens MP and spokesperson on housing and homelessness Jenny Leong released The Green's plan to deliver affordable homes in NSW through their Extreme Wealth Property Tax package.
“The mega-rich owners of trophy mansions and large property portfolios have been left unchecked for too long - while so many don’t have an affordable place to call home,” Jenny Leong MP said.
“Addressing economic inequality by making housing affordable should be one of the highest priorities in the state, but the Liberal National Government has failed to address this crisis.
“Greens in Parliament will push the next government to tax mega-mansions and big investors to fund desperately needed affordable and social housing.
“This new tax on obscene wealth would see money raised through land tax on properties worth tens of millions of dollars used to deliver urgently needed social and affordable homes.
“In the last year, the NSW Liberal-National Government sold off half as many social housing properties as they built - our new extreme wealth tax would see the revenue raised from just ten of the mega-mansions deliver 86 new affordable homes each year.
“The Greens have a plan to take on growing housing inequality and address the chronic lack of affordable housing in NSW, by introducing a suite of measures to tax billionaires, big investors, property barons and the super wealthy.
“In a cost of living and housing crisis it is these people who can absolutely afford to pay.
“This package will create more social and affordable housing at the expense of the extremely wealthy including those with large property portfolios.
“NSW is in the middle of a serious housing crisis and the inequality gap is widening, but instead of addressing this, the Liberals and Nationals continue to provide special treatment and tax breaks for big investors - and we all still remember the dark days of corruption that infected NSW Labor.
“The Greens believe that those who own and live in obscenely expensive properties - as well as those who have big property portfolios - should pay their fair share.
“There is a desperate need for more affordable housing particularly for First Nations people, older women, disabled people and survivors of domestic violence,” Jenny Leong MP said.