The Australian argues that the need for more housing is clear in that no society can ignore the basic need of its citizens for suitable and affordable shelter.
30 per cent of Australians now rent. Indeed, twice as many people rent than did in 1981. Yet the rental market has received limited attention from politicians, who tend to focus on the politics of rising house prices and voter anxiety over the fading hopes of many of ever owning their own home.
But high prices also drive up rentals, locking potential tenants out of suitable housing.
Labors answer is to reform negative gearing and capital gains tax incentives. The Coalition, having ruled out changes, argues that increased supply of stock will depress prices - and rents - and Treasurer Scott Morrison is looking to the private sector for the solution.
Treasurer Scott Morrison will shortly look at some British initiatives around encouraging private investors to build to rent that he considers might work here.
The issue is thrown into stark relief by the sight of large numbers of people sleeping rough in Melbournes CBD this year. There are many complex reasons behind this surge, but the lack of cheap accommodation is part of the problem.
The need for more housing is clear. No society can ignore the basic need of its citizens - whether those sleeping on the street, or young people trying to leave the family home - for suitable and affordable shelter.
