Reports that the Sydney population is set to grow by 2.1 million in the next 20 years is a warning to the Turnbull government to fast track the phase out of negative gearing and the capital gains tax discount, Greens spokesperson for housing Senator Lee Rhiannon said.
“There is nothing wrong with moving towards medium density to accommodate a growing population but we need to make sure we are building liveable cities,” Senator Rhiannon said.
“Liveable cities mean affordable housing, it means adequate infrastructure and public transport, and it means sustainable planning.
“At the moment affordability is improving in other capital cities but not in Sydney.
“If federal and state governments do not find the conviction to phase out negative gearing and cut the capital gains tax discount, the housing affordability crisis will continue. The Greens want to reinvest revenue generated from ending negative gearing into quality, affordable housing.
“The Greens’ National Housing Affordability Plan would also double federal funding for homelessness services, introduce a Public and Community Housing supply boost, and enforce a new national minimum standard for rental tenancies.