Senate to examine Labor’s housing disasters

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I welcome the Senate’s decision to establish a special purpose inquiry into Labor’s housing schemes. 

Labor has completely failed on housing - they have collapsed supply, increased demand and failed on productivity. 

The Senate’s creation of a six month inquiry will finally allow for proper, detailed analysis of the following policy failures:

• Housing Australia Future Fund, and what it has done with the more than $11.5 billion dollars it is overseeing;
• Housing targets which are more than 200,000 dwellings behind;
• 5% deposit scheme, and the modelling the government has suppressed;
• New taxes, which have increased rents and cut supply by 75,000 dwellings;
• The regulatory burden which has increased, not reduced; and
• Sagging productivity and growing corruption and waste.

After four years of Labor, the housing policy suite has clearly failed to deliver despite the many billions of taxpayer funds committed.

This inquiry is needed because Senate Estimates haven't been allotted enough time to investigate these serious failures. We will finally get to the bottom of how so many Labor housing promises and programs went wrong. Doing so will enable us to fix Labor's housing failures that are holding Australia back. 

[Ends]

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