“If we’re going to fix the housing problem in this country,...

“If we’re going to fix the housing problem in this country, we’ve got to build more housing.”

But politicians can take a “sensible middle path” on tax changes, independent Senator David Pocock said.

In April, he and fellow independent Jacqui Lambie presented commissioned research that showed limiting negative gearing to one property and allowing the capital gains tax discount for new builds, while grandfathering existing tax arrangements, would save up to $16 billion over the next decade.

These savings could be used to fund social and affordable housing projects, they argued.

“It’s not that we either scrap the whole thing, or we don’t touch it,” Senator Pocock told ABC radio on Friday.

“There’s a sensible middle path to reform.”

Senator Pocock highlighted the urgency of the situation and called on the major parties to discuss a range of issues impacting the housing market including tax, planning, stamp duty and migration.

“For so long, housing has been an investment vehicle, a way to build wealth, rather than a human right, that is actually affordable and accessible to Australians,” he said.

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why is Albanese too scared to return to the Negative Gearing debate. it was originally set up to encourage new housing development and this is where its needed NOW.

the Pocock/Lambie plan is too little imo. if its new housing built to rent out then this is where multiple properties should be allowed in order to incentivise construction.