The Business Council of Australia (BCA) is calling for a significant reform of the housing approval process, blaming local councils for delays that are exacerbating the country's housing crisis.
The BCA argues that state governments should have more control over approvals to meet ambitious targets set by the National Housing Accord. The push comes as political pressure mounts to address housing shortages, with the BCA proposing faster planning approvals as a key solution.
This comes alongside discussions about reforming tax breaks like negative gearing and capital gains tax to ease the crisis.
.@78B5MJCProgressive2yrs2Y
It’s about time we overhaul the housing approval process, but let’s not forget that real reform needs to include addressing the root causes like corporate greed and the lack of affordable housing. Fast-tracking approvals is fine, but we also need to protect renters and seriously rethink tax breaks that benefit the wealthy.
@93H86X8Libertarian2yrs2Y
@ISIDEWITH2yrs2Y
Accommodation crisis: BCA’s push to ‘turbocharge’ planning approvals
Amid mounting political pressure to reform negative gearing and capital gains tax concessions to address the housing crisis, after Jim Chalmers admitted to asking Treasury officials to look at scaling back the tax breaks, the pitch to shake up approval processes points to an alternative pathway for the government.
@ISIDEWITH2yrs2Y
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