Tonight Labor will deliver its alternative budget and promise that if it was in government it would be investing A$500 million in fast-tracking repairs to social housing, and urging state governments to match it dollar for dollar.
The federal budget itself, delivered on Tuesday, offered nothing extra for social housing, even though when polled by The Conversation and the Economic Society of Australia more of Australia’s leading economists wanted money spent on social housing than any other stimulus measure.
They are right to place it above investment allowances, wage subsidies and tax cuts as a sure-fire way to boost economic activity and employment.
- ^ repairs to social housing (theconversation.com)
- ^ than any other stimulus measure (theconversation.com)
- ^ Conversation Economic Society of Australia survey, September 2020 (theconversation.com)
- ^ social housing initiative (www.dss.gov.au)
- ^ creating 14,000 well-paying jobs (formerministers.dss.gov.au)
- ^ effectively ended (www.palgrave.com)
- ^ halved since then (johnmenadue.com)
- ^ moved upmarket (www.ahuri.edu.au)
- ^ Social Housing Acceleration and Renovation Program (www.communityhousing.com.au)
- ^ 15,500 and 18,000 full-time equivalent jobs (www.communityhousing.com.au)
- ^ Australia's housing system needs a big shake-up: here's how we can crack this (theconversation.com)
- ^ $6.7 billion (budget.gov.au)
- ^ $4.5 billion (budget.gov.au)
- ^ $26.7 billion (budget.gov.au)
- ^ private sector-led growth (theconversation.com)
- ^ in the budget papers (cdn.theconversation.com)
- ^ Coronavirus lays bare 5 big housing system flaws to be fixed (theconversation.com)
- ^ SHARP (shelter.org.au)
- ^ increasingly unbalanced (theconversation.com)
Authors: Hal Pawson, Professor of Housing Research and Policy, and Associate Director, City Futures Research Centre, UNSW