Build Affordable Housing in Tweed Heads

To solve the housing crisis we need bold ideas that are practical, achievable and beautiful. The public housing developer breaks the stranglehold the private market has on housing and delivers housing security for struggling working people and families.

Here in Richmond we have the worst housing unaffordability in the country. Our nurses, teachers, police and emergency services workers can no longer afford  to live here, leaving our essential services compromised by understaffing. Housing key workers not only helps keep our community here, it keeps us safe.

This plan would make sure our kids could actually buy a home in the community where they grew up instead of us losing so many of our young locals and workforce because they just can’t afford to live here.

Housing security is a game changer. You shouldn’t have to take on a million dollar mortgage for a 3 bedroom suburban dwelling in a regional area where the average wage won’t ever cover saving for the deposit or the repayments.

Some key points:

Greens analysis estimates that the Public Housing Developer could

  • See around 3,600 homes for sale and rent built in Richmond - with up to 420 starting construction in the public developer’s first year
  • Sell homes at just over the cost of construction to any first-home buyer, saving a first-home buyer in the Tweed up to $253,000 on the cost of a home (a 31% discount compared to the median private market home)
  • Make 70% of homes built available as rentals to be capped at whatever is lower of 25% of household income or 70% of market rent, saving a renter in the Tweed up to $15,600 a year (a 45% discount on market rent) 

 

The major parties have failed to deliver a single home from their Housing Australia Future Fund so far this term. It's only thanks to the Greens pressure for $3 Billion on affordable housing that they're delivering at all. We can't keep voting for the same to parties and expecting different results. 

If you want change, you have to vote for it.