Greens Propose to Solve Housing Crisis With Government-Owned Properties

The party has proposed a $27.9 billion plan aimed at building 610,000 houses over the next decade through a government-owned property developer.
Greens Propose to Solve Housing Crisis With Government-Owned Properties
A for sale sign is seen in front of houses with a view in a wealthy, beachside suburb in Albany, Western Australia, on March 2, 2024. Susan Mortimer/The Epoch Times
Rex Widerstrom
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The Green Party’s plan to solve the housing crisis has been decried as “dystopian” by the Australia’s leading lobby group for property developers and owners.

The nation’s vacancy rate has dropped to a record low 0.7 percent, driving up rent prices and demand for homelessness services. Meanwhile, 13 interest rate rises in almost two years have put pressure on mortgage holders as house prices continue to soar.

Rex Widerstrom
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.
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