The Private Rental Market – Trends and Implications
Presented by Roger Gibbins, SGS Director, at The Inaugural Australian Rental Market Summit 10-12 June 2009, Swissotel, Sydney
This presentation highlights the nature of the housing crisis facing the nation and the implications for vulnerable groups. A critical shortage of housing exists and is forecast to grow. In an environment where social housing is contracting and government interventions are either tokenistic or counterproductive the implications for social stability are profound. It is argued that government red tape is progressively excluding ‘small capital' form investment in housing supply. A number of ‘myths' relating to housing issues are dispelled, including in relation to tax breaks, land supply and development costs. Solutions are proposed in the areas of tax reform, social housing supply, indigenous housing supply, and specific measures to mobilise institutional and grass roots capital.
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