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Priority is to restore home ownership funding



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JAMES; P O R T E R T E L N o . 08 2118285 3 1 , 03,88 15:18 P . 0 1JO

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M E D IA RELEASE

JAMES PORTER

Shadow Minister for Housing and Public Administration

"A change in the Government's housing policy is needed to address the long public housing queues which have grown by more than 32%, over the last four years," James Porter, Federal Shadow Minister for Housing and Public Administration, said today.

"Greater emphasis needs to be given to home purchase assistance to low income earners.

"Whilst around half of Government housing funds used to go to homo purchase assistance only a third does now. .

"Labor has shifted the emphasis away from home ownership to public housing with dire consequences.

"At least 75,000 people waiting for Government housing assistance have indicated a preference for home ownership and it is our intention to address that need.

"Public housing queues have grown from 124,000 in 1983 to 164,000 in 1987, a third faster than the growth in the number of public houses. The average waiting time for public housing in Australia is now over three years.

"The Prime Minister promised to double the proportion of public tenure housing throughout Australia over a ten year period from 1983 to 1992. "

"The Government has no hope of attaining its goal. It would require a doubling of funds provided to the States for public housing, to a level of at least S2.5 billion a year for the next six years. In fact the Federal Government has been cutting such

funding.

"Labor's current housing policy will add to the queues not reduce them.

Mr Porter said the Coalition priority will be to give greater emphasis to home purchase assistance by redirecting available funds to restore the balance.

"There will always be a need for public housing, however we want to drastically reduce the queues by providing assistance for many of those people to get their own home rather than forever be a Government tenant.M

EMBARGO UNTIL 9 i00 AM FRIDAY EMBARGO UNTIL 9:00 AM FRIDAY

PRIORITY IS TO RESTORE HOME OWNERSHIP FUNDING

Adelaide; 1 April, 1988

Contact; (055) 70 1246

COMMONWEALTH PARLIAMENTARY LIBRARY C. I. S.