Lack of action on housing affordability in 2017-18 Federal Budget

I moved a motion in the NSW Legislative Council on 10 May 2017.


Mr Graham to move—

1. That this House notes that:

(a) the median price for a house in Sydney is now over $1 million, and deposits often exceed $100,000,

(b) the cap on deposits of $30,000 in the 2017/18 Federal Budget First Home Super Savers scheme fails to address the scale of Sydney’s housing affordability challenge,

(c) the Federal Budget also failed to make significant changes to negative gearing and capital gains tax, and

(d) the Premier has identified housing affordability as her key priority.  

2. That this House calls on the Government to finally tackle the housing affordability challenge in the New South Wales Budget.

(Notice given 10 May 2017—expires Notice Paper No. 125)