End of housing crisis is possible, only obstacle is Labor
End of housing crisis is possible, only obstacle is Labor | Australian Greens Skip to main content Search Get Involved Join Donate Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Media releases Take action Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement About the Greens Become a member Jobs Green Magazine All news Get Involved Join Donate Search Our plan Toggle Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Toggle Federal MPs State/territory MPs Officeholders Media releases Take action Toggle Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement Toggle About the Greens Become a member Jobs Green Magazine All news End of housing crisis is possible, only obstacle is Labor 2025-08-07 The Australian Greens welcome ACOSS’s calls to urgently address the unfair tax breaks that benefit property investors, as well as their call for redirecting funds to building more social housing." Momentum is growing - ACOSS joins a chorus of stakeholders, including the ACTU and banks, calling on the government to wind back negative gearing and the capital gains tax discount ahead of the Government’s Economic Reform Roundtable." Under the Greens 2025 election policy, both negative gearing and the CGT discount would be grandfathered to one existing investment property and removed on all second and subsequent properties, ensuring “mum and dad” investors with a single investment property are not negatively impacted, while disincentivising future speculative and unproductive investment in the property market." Lines attributable to Greens spokesperson for housing Senator Barbara Pocock: “Every day these tax handouts keep flowing to wealthy property investors, the housing crisis gets worse.
They’re cooking our housing system and fuelling intergenerational inequality. Ending the housing crisis is possible, but it’s up to Labor." “Momentum is growing - we’ve seen calls from across the sectors - unions, banks, economists, welfare groups - all urging the government to take action. It’s absolutely imperative that changes to negative gearing and CGT concessions are on the Economic Roundtable agenda.
Winding back the tax discounts for wealthy property investors is the obvious first step in fixing our housing crisis." “Labor has a choice - it can help fix this housing crisis by reforming the tax discounts for wealthy property investors or it can choose to continue with a system that locks out first home buyers and increases rents. It could choose to redirect funds to build more public and community housing.” “Let’s be clear - these are tax breaks for wealthy property investors, which come at a cost to first home buyers and owner-occupiers.
These are tax breaks that increase levels of homelessness, which advocacy groups have said is the worst in living memory - increasing by 10 percent under this Government since it was elected in 2022." “Unless the Government makes the necessary reforms to the tax concessions for property investors, we’ll continue to see house prices rise and rents spiral. The Greens stand ready to work with Labor to action this urgent reform." Lines attributable to Greens Economic Justice Spokesperson Senator Nick McKim: “Negative gearing and the CGT discount is a gift to wealthy investors that’s helped turn housing from a human right into a speculative asset.” “They are some of the most destructive tax concessions in the country.
They drive up prices, fuel inequality, and help to shut an entire generation out of home ownership.” “Labor should listen to what the housing advocates, equality stakeholders and Greens have been saying for years, and bring reform to these unfair tax handouts for property investors into the parliament.” Media contact: Charlotta Lomas - 0466 339 862 Facebook for the Australian Greens YouTube for the Australian Greens X for the Australian Greens Instagram for the Australian Greens Bluesky for the Australian Greens Privacy Members website Your safety Contact us Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action In your language 2025 policy platform Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Federal portfolios Federal media releases Take action Volunteer Donate Issues & campaigns Upcoming events Greens Shop Leave a bequest Green Magazine All news Our movement About the Greens Become a member Jobs Members website State/territory parties Contact us The Greens acknowledge the Traditional Owners of country throughout Australia and recognise their continuing connection to land, waters and culture.
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