Housing Affordability Can Be Fixed


Public speculation about a housing bubble ignores the real culprits of Australia's housing affordability problems, says the Housing Industry Association (HIA).

"We wouldn't be having this conversation if Australia would get the disproportionately high level of taxation off new homes and improve the supply of new husing, " says HIA Chief Economist Harley Dale.

"The truth is that most of the problems having an impact on housing affordability are caused by governments and, therefore, governments can fix them" 

"The two biggest taxes on a new home are stamp duty and GST - the latter which doesn't apply to existing homes - and when combined with all the other taxes, levies and charges on a new home, can be over 40% of the final price.,

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