Grattan Institute
Has National Cabinet just solved the housing crisis?
Sep 10, 2023
Discussion on the housing accord and National Cabinet's plan to address the housing crisis in Australia. The need for a better deal for renters and improved security of tenure. Proposing land tax reform to increase access to affordable housing. Focus on building more homes and challenges in increasing housing supply.
28:19
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Quick takeaways
- The National Cabinet's focus on rental regulations aims to provide secure and better quality tenure for renters by phasing out no grounds evictions, limiting rent increases, and imposing restrictions on lease break fees.
- To address the housing shortage, the National Cabinet introduced a two-pronged plan focusing on supply-side reforms, including a target of building 1.2 million homes over five years and implementing measures to improve building design and certification processes.
Deep dives
Renters Package: Enhancing Security and Quality
The National Cabinet focused on improving the rental experience for tenants by coordinating a better floor of rental regulations. The agreement aimed to phase out no grounds evictions, limit rent increases to once per year, ban rent bidding, and impose restrictions on lease break fees. While rejecting harsher rent control measures, the focus remained on providing secure and better quality tenure for renters. The package included aligning minimum quality standards, providing protections for victims of domestic violence, safeguarding personal information, and exploring stricter regulation of short-stay accommodations.
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