The 2020 summit held by the Prime Minister last weekend debated Australia’s future economic and social directions, including social and community housing and affordability.

We need more public funding for housing saying only about 6% of the nation’s housing is publicly provided compared to a much higher level in other countries. Given this low level of public housing, the increasing rates of homelessness and historically low rental vacancy rates there is obviously a need for the Government to take action.

And with the historically high revenues from stamp duties in the states, that 0.5% of the sale price of every flats should go into a national foundation to contribute to public and social housing and to deal with homelessness. On a median-priced Melbourne house this would be about $2500.

Cheers!