The idea by Anthony Roberts – State Member for Lane Cove saying that he wants first home owners to be able to access their superannuation to purchase their first homes (North Shore Times – Thursday 23rd February) is yet another example of the Liberals undermining the superannuation system in Australia. Once again they are not tackling the real problems contribution to making housing unaffordable for many Australians.Read more
Housing affordability is going to continue to be a big issue. I believe Labor still has the best policy to address this issue.
There is no question that negative gearing on investment properties has distorted our housing market. A $600,000 home for a couple who wish to live in it will cost them $700 a week in principle and interest repayments. That same home if purchased by an investor will cost $100 week after tax deductions and depreciation.Read more
The silence by the incumbent Liberal MP for North Sydney Trent Zimmerman following the Liberal’s announcement that there will be no changes to the current negative gearing arrangements shows how out of touch he is with the housing affordability issue in North Sydney.Read more