Essential Report

Housing affordability measures

Jul 4, 2017

Q. Do you support or oppose the following measures to increase housing affordability?

  Total support Total oppose Strongly support Support Neither support nor oppose Oppose Strongly oppose Don’t know
Increasing restrictions on foreign nationals purchasing existing residential property 74% 6% 51% 23% 13% 3% 3% 7%
Providing tax incentives for older residents to sell their family home and “downsize” 56% 11% 19% 37% 24% 6% 5% 9%
Make more land on city fringes available for housing development 53% 14% 19% 34% 23% 8% 6% 11%
A ban on “interest only” loans for property investors 44% 17% 21% 23% 23% 10% 7% 16%
Allowing first home buyers to withdraw a portion of their superannuation for a house deposit 44% 30% 14% 30% 17% 16% 14% 9%
Remove negative gearing tax concessions for property investors 43% 23% 21% 22% 18% 12% 11% 15%

Each measure receive greater support than opposition, with three receiving majority support – increasing restrictions of foreign nationals purchasing property (74% support), providing tax incentives for downsizers (56%), and making more land available for development on city fringes (53%).

The most polarising measure was allowing first home buyers to use their superannuation for a house deposit, which received 44% support and 30% opposition.

 

 

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