The HIA has called on the Federal and State governments to set up a rental assistance fund. It predicts the number of Australians under rental stress will soar in the next three years to 750,000. Rental stress is defined as handing over more than 30 percent of their income to pay rent.
» HIA calls for rental assistance fund – The ABC, 20th July 2007.
So more tax support for those who own more than one property, on top of negative gearing? The HIA trying it on big time!