No new money for social housing

FAMILIES trying to keep a roof over their heads should be disappointed by the Federal Budget, says Australians for Affordable Housing.

AAH campaign manager Sarah Toohey said that while the budget might be back in the black, "the one in 10 families who are in housing stress will remain in the red" trying to make ends meet.

"With no new money invested in social housing in this budget, the system will continue to decline, leaving almost 250,000 households languishing on public housing waiting lists," she said.

"With no increase in the rate of Commonwealth Rent Assistance, over 450,000 renters in housing stress will have less to spend on food, clothes, transport and the other basics of life".

"Failure to tackle the negative gearing and Capital Gains Tax breaks that drive up house prices means thousands of young Australians don't get a fair go in the housing market".

Topics:  federal budget 2012

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