Chesters to host Negative Gearing and Affordable Housing Forum

Federal Member for Bendigo, Lisa Chesters, will host a Negative Gearing and Affordable Housing forum next Thursday, 19 May at La Trobe Visual Arts Centre.

Shadow Assistant Treasurer, the Hon Andrew Leigh MP will be a guest speaker at the forum, along with Keith Sutherland, Director, Sutherland Property Consulting and Ken Marchingo, CEO, Haven; Home, Safe.

"The purpose of the forum is to have a genuine policy discussion about this complex policy area and the impact action - or inaction - will have on Bendigo and Central Victoria,” said Ms Chesters.

Working and middle class families are increasingly being priced out of the housing market. The current tax treatment gives investors an advantage over first home buyers and is increasingly impacting housing affordability.

"For most young families in Australia, the dream of purchasing and owning their own home is almost completely out of reach.

Keith Sutherland believes negative gearing and housing affordability will become one of the major election issues.

“It’s a bit of a sleeper at the moment but I think it will continue to grow as people come to realise the impact of negative gearing on the ordinary first home buyer,” Mr Sutherland said.

The recent Bendigo City Liveability Indicator report has identified a significant need for more medium density housing options.

"Labor's negative gearing policy will also encourage investment in the areas where we have a critical shortage of housing stock in Bendigo such as disability appropriate housing, social housing and downsizing options for older residents,” said Ms Chesters.

Call the office on 5443 9055 for more details.