LNP blueprint to boost dwindling home ownership rates

 

Shadow Treasurer and Shadow Minister for Home Ownership David Janetzki has continued his state-wide blitz listening to Queenslanders about the housing crisis, as statistics reveal home ownership rates across Wide Bay are lagging other states.

After a nearly a decade of housing neglect under the Palaszczuk Labor Government, the LNP has announced its plan to get more Wide Bay residents into their own home.

The latest Census data has revealed the home ownership rate in the electorates of Hervey Bay and Bundaberg are below the national average of 67%.

Mr Janetzki said Queensland is last on the national home ownership ladder and Hervey Bay and Bundaberg aren’t immune to the challenges faced by first home buyers.

“The Great Australian Dream is becoming a nightmare for many Queenslanders,” Mr Janetzki said.

“Only the LNP has the Right Priorities for Queensland’s Future, including securing our housing foundations.

“Our priority is helping Queenslanders realise their dream of owning their own home.

“We are considering all options to help Queenslanders into home ownership including tax relief, incentives and land supply with the necessary infrastructure to accommodate a growing population.

“We will prioritise building an incentive framework to support home ownership, examining areas including first home-owner grants and shared responsibility schemes.

“For years Labor has failed to deliver the housing supply needed for our growing population.

“The warning bells have been sounding for years, but Labor has been too consumed by its own chaos and crisis to heed them.”

LNP Candidate for Hervey Bay David Lee said Labor had the wrong priorities for Queensland’s Future.

“While it might not be everyone’s dream to own a home, everyone who aspires to become a homeowner should have the choice and an LNP government will make it more achievable,” Mr Lee said.

LNP Candidate for Bundaberg Bree Watson said under the Palaszczuk Labor Government it has become increasingly difficult for the next generation.

“The LNP is committed to reversing that trend and giving young people the chance to get into their own home,” Ms Watson said.

Electorate	Owned Total
Bundaberg	60.6%
Hervey Bay	66.9%
Australia	67%

 

Median Rents – Fraser Coast LGA
As at September	Rent
2015	$300
2022	$440
2023	$475
Annual change	8%
Since 2015	58%

 

SOURCE: Census 2021