The Grattan Institute reports - Money for social housing, not home buyers grants, is the key to construction stimulus.
"There’s a better way to support residential construction without providing such big windfalls to developers: fund the building of more social housing.Social housing – where rents are typically capped at no more than 30% of household income – provides a safety net to vulnerable Australians.
In particular, the Morrison government should repeat another GFC-era policy, the Social Housing Initiative, under which 19,500 social housing units were built and another 80,000 refurbished over two years, at a cost of A$5.2 billion."
Read the full story here - https://grattan.edu.au/news/money-for-social-housing-not-home-buyers-grants-is-the-key-to-construction-stimulus/
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