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Executive director of progressive think tank Per Capita Emma Dawson says, apart from a huge increase in social housing, there needs to be a change to the tax system and the capital gains treatment of property.
“We’ve ended up with a situation where young families can’t afford to put a roof over their heads, older people can’t afford to downsize into their community, and we’ve got a banking system overly dependent on mortgages,” she says.
“It’s bad for the broader economy, and we’re creating this division between generations while increasing inequity.”
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Shane Wright, Rachel Clun and Craig Butt, SMH/The Age, WA Today and Brisbane Times, 26/4/23