Brisbane Greens MP Stephen Bates has warned Australia’s housing market is heading towards an economic cliff unless urgent national reforms are made to tackle soaring rents and a broken tax system.
Everybody’s Home hosted the third town hall in its online series with incumbent MPs on Tuesday, where Mr Bates described the crisis as “existential” and said it was impacting people across the country – including many in his electorate of Brisbane, where more than half are renters.
“No one is free from the housing crisis we’re facing in this country,” Mr Bates said. “We have people living out of their cars with their kids … these are public servants who are now in this position where they can’t afford the rent.”
Mr Bates said the current housing system was the result of decades of policy failure.
“This isn’t something that has just come out of nowhere, it’s something that has been building for decades now…we can trace a lot of it back to the slowdown in the build of public housing and tax reforms that were brought in under the Howard Government,” he said.
“We’ve transformed the idea of a house to be somewhere that you live and a home where you raise your family that is now something to be speculated on, and bought and sold … an investment class.”
Mr Bates said $176 billion is “essentially given out as a handout” to property investors in tax cuts while families are sleeping in their cars.













