Labor deals out an affordable full house budget reply

The 2019-20 Federal Budget reply sees affordable housing and the development of policies to provide national certainty for housing supply as the equivalent of a ‘Full House’.

The reply outlines the policies of 250,000 affordable rentals over 10 years, build-to-rent taxation structures, and headlines the overarching support of future housing in the previously announced National Housing Supply Council, national Housing Ministerial and National Housing Strategy.

The Federal Opposition has shown a real commitment here to seeing the jobs, economic multipliers and adequate supply of housing become a national priority if they come to Government at the next election.

A commitment to delivering a massive 250,000 affordable rentals over a 10-year period with 20,000 to be built in the first three years with Community Housing Providers proponents of the task is a challenge CHPs are ready to take on.

This 10-year subsidy combined with other elements such as build-to-rent, a Housing Minister, National Housing Strategy and reinstatement of a National Housing Supply Council, as promised, will tackle a housing downturn to preserve jobs, support state economies and deliver more dwellings.

A focus on delivering expediting new NDIS investment is welcomed to capitalise on the recent momentum gained by the Agency if this shadow budget is eventually delivered.

Whilst there is much to praise, there are tens of thousands of families in non-CHP properties who, over the next five years, are set to see the loss of the NRAS One incentives which started to lapse in December 2018. A response to support these non-CHP managed NRAS homes is critical and our CHP members will look to take up this challenge to seek a pragmatic solution here.

We commend the Federal Opposition on committing to returning the budget to surplus and look forward to delivering the homes that their policies in this and previous years have helped to support.”