Canberra’s property sector can’t afford Bill Shorten and Andrew Barr

Canberra homeowners and renters can’t afford Bill Shorten and Andrew Barr, Canberra Liberals Leader Alistair Coe said.
“The ACT’s residential property sector is on the brink of crisis. We cannot afford local and federal Labor governments that will collectively destroy our housing market,” Mr Coe said.
“Bill Shorten and Andrew Barr expect everyday Canberrans to pay more and more and more.”
Today in the Assembly, Mr Coe will call on the ACT Government to release all modelling undertaken on the future of Canberra’s property sector, including details of the known impact of Labor’s proposed housing policies.
“Locally, Andrew Barr continues to drive up rates and land tax to unsustainable levels sending more Canberrans into hardship,” Mr Coe said.
“I often hear stories of Canberrans who are afraid they will need to sell their home to pay off rates and land tax bills. Where does Andrew Barr expect Canberrans in this situation to go?
“Andrew Barr has locked up Canberra’s land supply, making the cost of land completely unattainable for young people and prospective first home buyers trying to enter the market.
“The harsh reality is, fewer Canberrans can afford their own home or a rental property because of ACT Labor’s housing policies.
“Bill Shorten poses a real risk to Canberra’s property sector with Labor’s negative gearing changes. Changes to negative gearing will drive up the cost of rent even more. As it is, Canberra already has the most expensive rental market in Australia.
“Everyday Canberrans simply can’t keep up with Labor’s schemes which are driving our residential property sector into crisis.
“Canberra deserves transparent, sustainable economic governance. Only the Liberals can deliver this,” Mr Coe said.