The politics behind the Greens radical housing policy
The Greens plan for a publicly owned housing developer has been widely lambasted by economists. But maybe that was exactly the point of it.
Political opponents and mainstream economists are scoffing at the Greens’ housing policy. But maybe that’s exactly the point of the plan.
Greens housing spokesman Max Chandler-Mather unveiled the party’s first pre-election commitment at the National Press Club on Wednesday, an ambitious and left field plan for a publicly owned property developer.
Scrapping generous handouts for property developers will fund 360,000 homes over half a decade, he claimed. They’d be sold and rented on the cheap, with the lucky recipients sourced particularly from those with a connection to the community they’re built in.
Costings by the Parliamentary Budget Office (PBO) showed renters would save $5200 annually, while participating homebuyers would save $260,000, Chandler-Mather explained.
