Labor’s housing affordability policy could save governments up to $10.8bn

Labor’s $6.6bn housing affordability policy would save federal and state governments up to $10.8bn, according to a report by the McKell Institute.

The progressive thinktank cites new modelling by PwC that moving a person from crisis accommodation will save $11,935 per year from reduced use of government services including health services, welfare, police and prisons.

Beyond Coalition attacks on Labor’s negative gearing policy, there has been little discussion of housing affordability in the election campaign, despite the homelessness sector calling for half a million new affordable homes.

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Source: The Guardian

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