The House of Representatives Economics Committee has announced a new inquiry into home ownership. The Chair of the Committee, John Alexander, said that ‘home ownership is an issue that lies at the core of the Australian dream and represents the largest investment that most taxpayers will make during their lifetime. The importance of this issue throughout our nation makes it worthy of a detailed inquiry.’
The Committee will inquire into and report on:
- current rates of home ownership;
- demand and supply drivers in the housing market;
- the proportion of investment housing relative to owner-occupied housing;
- the impact of current tax policy at all levels; and
- opportunities for reform.
The Committee invites submissions to the inquiry by Friday 26 June 2015, and the proposed reporting date is 03 December 2015.
This follows on from the previously released Senate report on Housing Affordability. We wonder if more committee review is an excuse not to tackle the critical issues which need to be addressed! We shall see.
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