The Turnbull Government will continue to suffer in the polls whilst it has no approach to improving housing affordability in this country, particularly in Melbourne and Sydney.
Any notion, currently being floated, to allow younger people to access their superannuation savings to buy a house is self-defeating - it will simply push UP housing prices, by adding to demand.
A way of reducing demand in a manner that does NOT damage the ability of first home buyers to compete for houses, and in fact will enhance it, is to reduce the tax advantages of negative gearing to investors, the majority of whom are in any case amongst the wealthier citizens. Why the government thinks it is OK to give tax subsidies to the wealthy is beyond me.
On this I agree with the Labor Party - 'grandfather' existing arrangements, and allow future negative gearing ONLY on newly built properties.
