The industry says a proposal to restructure Commonwealth Rental Assistance will get more subsidised people into privately developed housing.
found that just eight of the 45,992 private rental listings it analysed one weekend in March were affordable for a single person on the JobSeeker payment.The present system was already portable, as people moving out of public housing into other forms of accommodation can receive CRA if their income level qualifies them for it, Wendy Hayhurst, chief executive of the Community Housing Industry Association, said.
Ms Hayhurst also said the commission’s focus on the costs of social housing mixed up the provision of a home and secure tenure for people on low incomes with the social services also sometimes needed by the same people. The development industry, pushing for a cut in the higher withholding tax levied on foreign investment in build-to-rent housing, said it could deliver new housing more efficiently.
to 15 per cent from the present 30 per cent – which the build-to-rent industry wants – saying it was important for governments not to “tip the scales” in favour of institutional investment.
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