“Today’s announcement by the Australian Labor Party to drop plans to increase taxes on housing through changes to negative gearing and capital gains tax will provide certainty for the housing industry and for Australians that are looking to invest or rent,” said HIA Managing Director, Graham Wolfe.

“Private rental housing plays a critical role in Australia’s housing supply continuum. Without a reliable pool of residential investors across Australia, hundreds and thousands of households would find it harder to put a roof over their heads.

“Australian’s need to have the ability to access affordable housing, whether as a renter or as an owner occupier.

“HIA looks forward to working with all political parties in the lead up to the next federal election to develop national policies that will promote housing supply, support home ownership and ensure those most in need of housing assistance are supported by government.” 

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