Month: April 2022

New data has revealed that a small group of out-of-town property investors own a huge number of dwellings in the Northern Rivers seat of Richmond, taking advantage of Liberal and Labor-backed tax breaks to push locals out of affordable homes in the region.  

With rental prices in the area having risen by a mindblowing 20% in a year, double the rate of the rise in Sydney, and secure long-term rentals for locals at crisis point in the holiday rental-heavy region, the new data from the independent Parliamentary Budget Office reveals that:

• 89 out-of-towners own a massive 889 investment properties in Richmond. These people each have 7 or more properties in the electorate and together get Coalition and Labor-backed tax handouts of $19 million a year. Each one of these property moguls gets an average of $211,236 in public subsidies each year for their Richmond properties;
• 10,885 properties are owned as investment properties by people who live outside of Richmond, which is a huge 11% of all properties in the electorate; and
• Of these, 7,725 properties are owned by 2,705 out-of-area property investors that each have 2 or more investment properties and together get Coalition- and Labor-backed tax handouts totaling $165m per year. On average, out-of-town property investors with 2 or more investment properties in Richmond get a staggering $61,000 per year in tax handouts;

There are 96,778 dwellings in the seat according to census data..

The Greens would scrap the taxpayer handouts going to people who own two or more investment properties, freeing up $63b across the country to invest in affordable housing and tackling the cost of living. 

As part of the Greens $21B plan to build 1 million affordable homes, the Greens will also build 15,000 new, climate resilient and affordable homes in Richmond and Page, to fix the housing affordability crisis and help those affected by the floods.  

Adam Bandt MP said:

“Liberal and Labor are giving millions of dollars of public handouts to out-of-town property moguls, pushing up housing prices and locking Northern Rivers locals out.

“This is cooked. The Greens will scrap the public handouts to property moguls and make housing affordable for people in the Northern Rivers. 

“The Greens will not only scrap these Labor-backed handouts to property moguls, we will build new affordable homes and give renters more rights. 

Greens candidate for Richmond Mandy Nolan said:

“This data confirms what many locals have long suspected. A handful of wealthy property moguls from out of town own a huge chunk of the area’s property. 

“Locals aren’t just getting locked out, the Coalition and Labor are also making us give handouts to the property moguls buying up our towns.

“Not only are rich investors from out of town driving up the property prices and pushing out locals so they can maximise the cash from holiday rentals, they are getting millions from the taxpayer to do it.

“Our region has been turned into a game of Monopoly, where some people from out of town have lots of our houses and lots of our people have no home.”

The Greens will announce today, at the Screen Producers Australia Federal Election Forum, a commitment to establish a $1billion Australian Stories Fund and impose local content quotas on the global streaming giants, to help secure the future of the Australian screen industry.

The Australian Stories Fund would invest in the infrastructure, crew training and development needs of our screen industry, ensuring a robust and sustainable local industry able to keep creating high quality Australian content and telling our stories.

Greens Spokesperson for the Arts and Communication, Senator Sarah Hanson-Young said:

“Australian stories on our screens are essential in shaping national identity and reflecting the diversity of our community.

“We are home to some of the most talented filmmakers in the business, and it is high time they were given the support needed to focus on telling quality Australian stories.

“Hollywood discovered Australia as a premier filmmaking destination during the Covid-19 pandemic. After the bright lights and big names have gone home, we need to sustain our local industry to tell local stories.”

In balance of power in the next parliament, the Greens will also push to legislate local content quotas, in a move to regulate the global streaming giants profiting off Australian audiences.

“The Greens have a long history in fighting for stronger local content quotas on our televisions. Now much of viewing has shifted to streaming, regulation is needed to keep up with the nation’s expectation for local faces on our screens,” Senator Hanson-Young said.

“Netflix, Amazon Prime, Stan, Disney+ and now Paramount are growing in popularity and making a mint from Australian audiences. We will introduce new laws to require streaming services to invest 20 per cent of their earnings from Australian subscribers into Australian content creation.

“The Greens plan also ensures a sub-quota of 20 percent of the streaming giants’ local content quota to be made for children. It is so important for children to see themselves and their communities reflected on their screens.

“Investing in the screen industry puts Australian stories front and centre in the national conversation about quality film and television. Decades of local filmmaking shows Australia is an untapped talent in the industry on a global scale.”

Investing in Australian stories and regulating streaming services form part of the Greens’ Creative Australia policy, which can be viewed in full here.

The Morrison Government is providing a further boost for a range of school-based, online and community programmes aiming to reduce the risk of suicide and suicidal behaviours among young people across the country.

The funding forms part of the $114 million National Suicide Prevention Leadership and Support Programme (NSPLSP) grant opportunity, a key pillar of our Government’s historic National Mental Health and Suicide Prevention Plan first announced in the 2021-22 Budget.

The NSPLSP is supporting key suicide prevention activities across several significant themes, including national leadership, research and training, education and awareness, lived experience in suicide prevention, youth suicide prevention, Indigenous suicide prevention, men’s suicide prevention and veteran’s suicide prevention.

The youth suicide prevention component announced today provides more than $13 million over three years from 2022-23 to 2024-25 for key organisations to deliver national services to support the mental health and wellbeing of younger Australians.

Successful organisations include:

• ReachOut Australia, which will receive $1.17 million to develop and deliver two evidence-based national digital media campaigns focussed on supporting young people aged 16 to 25. The campaigns will raise awareness of suicide and the help available, and will deliver a suite of digital information, resources, and interactive content;
• Orygen, which will receive $1.35 million to extend its #chatsafe program to include updated guidance on safe online communication about suicide and self-harm for young Australians, families, educators, Primary Health Networks (PHNs) and the social media industry;
• MacKillop Family Services, which will receive $4.89 million to support young people at risk of suicide by building the capacity of leaders and educators in schools and communities to deliver the Seasons for Growth evidence-based education programs;
• Youth Insearch Foundation, which will receive $4.74 million to pilot a youth lived experience workforce program in rural communities; and
• Youth Live4Life, which will receive $0.87 million to build on their successful, locally-driven, evidence-based program for improving youth mental health and reducing suicide, and expand it into new rural communities.

Minister for Health and Aged Care, Greg Hunt, said the Morrison Government recognised how important it was to give young people extra support at crucial times.

“Every life lost to suicide is a terrible tragedy and has a devastating impact on families, friends and communities,” Minister Hunt said.

“By developing and delivering support that works for young people we can save precious lives and protect our communities from enormous suffering.”

The projects focus on supporting young Australians, as well as those who work with, care for and support them.

Assistant Minister to the Prime Minister for Mental Health and Suicide Prevention, David Coleman, said the grants supported existing and successful programs as well as new and innovative approaches.

“The program reflects our multifaceted approach to suicide prevention which aims to ensure that every Australian can be supported in the way that works best for them,” Assistant Minister Coleman said.

“Youth mental health is a key commitment for our Government and we are prioritising mental health education, support and research to protect young Australians and help them reach their full potential.”

Suicide prevention is a key pillar of the Government’s landmark $3 billion National Mental Health and Suicide Prevention Plan.

The Plan recognises Australians deserve a system that acts early to help people before mental health conditions and suicidal distress worsen, and that whole-of-government and whole-of-community changes are needed to deliver preventative, compassionate, and effective care.

Since 2012–13, the Coalition Government’s investment through the Health portfolio in mental health and suicide prevention has more than doubled, growing from $3.3 billion to an estimated $6.8 billion in the 2022–23 Budget.

This is in stark contrast to Mr Albanese’s time in Cabinet, where Labor cut funding for mental health.

In the 2011-12 Budget, Labor announced a $580 million cut to Medicare subsidised mental health services, including a reduction in the number of Medicare sessions available under Better Access from 18 to 10 per year and a reduction in Medicare rebate for preparation of mental health treatment plans by GPs.

Anyone experiencing distress can seek immediate advice and support through Lifeline
(13 11 14), Kids Helpline (1800 55 1800), or the Government’s digital mental health gateway, Head to Health.

If you are concerned about suicide, living with someone who is considering suicide, or bereaved by suicide, the Suicide Call Back Service is available at 1300 659 467 or www.suicidecallbackservice.org.au.

Youth Suicide Prevention Grant Recipients

The Morrison Government has today pledged to create 450,000 more jobs in regional Australia over the next five years as part of our plan for a strong economy and a stronger future.

This commitment to regional Australia is part of our pledge to create 1.3 million more jobs over the next five years, with more than one in three of those jobs to be in the regions, and is supported by our plan to build Australia and strengthen our regions.

The Prime Minister said boosting job creation in the regions was part of the Coalition’s plan for a stronger economy.

“Only the Coalition has a plan for 450,000 new jobs in the regions and runs on the board to deliver them,” the Prime Minister said.

“Since we were elected, we have created over 1.9 million new jobs, and our unemployment rate is down to four per cent, the equal lowest level in 48 years, and forecast to fall further.

“Regional Australia can trust the Coalition to deliver on an economic plan for the regions because creating opportunities – city and country – is part of our DNA.

“We understand that regional Australia is the lifeblood of our country – it’s home to one in three Australians, accounts for almost a third of our national economy and a similar share of small businesses.

“Our economic plan is backing our regions to grow even more, and create hundreds of thousands of jobs, with more than $21 billion in the budget being invested into developing Australia’s regions.

“This includes job-creating investments including $7.1 billion for our Energy Security Regional Development Plan, $2 billion for our Regional Accelerator Program to drive growth and productivity in regional areas, and $1.3 billion for regional telecommunications.”

Deputy Prime Minister Barnaby Joyce said Australia’s regions are the economic powerhouse of the nation.

“The Coalition Government’s Energy Security and Regional Development plan will boost regional income and create jobs for years to come,” the Deputy Prime Minister said.

“This is on top of the substantial investments already in place to make our regions an even better place to live and work.

“Our regions are the powerhouse of our economy, the source of around two thirds of our export income, and the reason we can pay for so much of our health care, education, roads, rail and more. This is why we must invest in them.”

Treasurer Josh Frydenberg said the unemployment rate in regional Australia had declined from 5.7 per cent under the Labor Government in September 2013, to around four per cent under the Coalition Government today.

“Anthony Albanese and Labor have no plan for regional Australia or for regional jobs. All they have is a track record of increasing unemployment in regional Australia,” the Treasurer said.

“Despite fires, floods, a pandemic, a global recession, economic coercion from China and now a war in Europe, there are almost 50,000 fewer unemployed people in regional Australia than when the Coalition came to office.”

Minister McKenzie said the Government’s targeted investment in regional Australia would secure investment in new and existing industries, driving economic growth and job creation.

“The Regional Accelerator Program will supercharge job creation in the regions by driving economic diversification with the creation of new industries and growth of existing industries in regional centres,” Minister McKenzie said.

“Our record investment in the regions will grow regional economies, unlock the growth potential for our regions and enable people living in our regions to get the job they want.”

Minister for Employment, Workforce, Skills, Small and Family Business Stuart Robert said the jobs growth would span generations.

“Under the Morrison Government’s economic plan we will boost regional apprentices by providing an additional five per cent wage subsidy in the first year of a regional apprentice over and above that for the rest of the country,” Minister Robert said.

“We will also provide $22.6 million for more than 29,000 additional in-training support places to ensure regional apprentices have the support they need.”

More than three million Australians living in poverty desperately need additional support to survive as surging inflation puts household necessities out of reach, according to the St Vincent de Paul Society.

Consumer Price Index (CPI) data released today by the Australian Bureau of Statistics reveals inflation rose 2.1 per cent in the March quarter, up 5.1 per cent over the past year. As the ABS states, these are the largest quarterly and annual rises since the introduction of the GST.

St Vincent de Paul National President Claire Victory said ballooning household costs come during an election in which the most vulnerable people in the community have largely been forgotten.

‘This neglect was shown by the brutal decision of both major parties to leave JobSeeker at $46 a day, which holds recipients well beneath the poverty line and exposed to rising cost of living pressures.

‘Expecting people to survive on $46 a day is cruel. It demonstrates a lack of understanding, or care, for people doing it tough and the growing challenge of making ends meet as prices for basic goods surge.

‘Whichever party wins government next month will be forced to urgently address this issue unless they want to preside over a ballooning poverty crisis,’ Ms Victory said.

Ms Victory said caution from both parties about increasing the national debt was understandable, which is why the St Vincent de Paul Society had commissioned modelling to demonstrate budget-neutral options available to fund changes that would release Australians from poverty en masse.

‘Our research shows Australia can easily fund a significant boost to JobSeeker, alongside an increase in Commonwealth Rent Assistance, by making simple and affordable changes to our tax and welfare system. The only problem is we lack political leaders with the courage to countenance such a plan,’ Ms Victory said.

‘Our modelling shows you could release over a million Australians from poverty through minor changes to capital gains tax and superannuation tax that would only marginally affect the very highest income-earners. Australia contains both incredible wealth and heartbreaking poverty. Our incapacity to fix one with the other is a failure of politics, not a budgetary restraint,’ Ms Victory said.

The St Vincent de Paul Society’s Federal Election statement includes a suite of practical and compassionate policies to create A Fairer Australia.

https://www.vinnies.org.au/page/News/National_Media_Releases/National_media_releases_2022/A_Fairer_Australia–federal_election_statement_2022/