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Building Construction, Government Federal

CFMEU backs build-rent-buy scheme expansion as part of housing fix

CFMEU < 1 mins read

The Construction Forestry Maritime Employees Union (CFMEU) has called for the federal government to expand build-to-rent-to-buy schemes.

The Greens' housing policy, released yesterday, calls for the government to build 360,000 homes over five years that would be available to rent and buy at discounted rates.

CFMEU National Secretary Zach Smith said the Federal Labor Government was already involved in building houses to rent and buy in the ACT.

"The federal government building houses to rent and buy isn't a pie-in-the-sky dream, it's already happening in Canberra," Mr Smith, who is also the union's ACT secretary, said.

"Federal Labor should look at the ACT scheme and expand it so we can give more Australians access to the right to affordable home ownership.

"Just because you're a low-income worker doesn't mean you should be stuck in a never-ending cycle of renting and locked out of home ownership forever.

"Housing is a fundamental human right that our society is failing to provide. Build to rent or buy schemes are just one piece of the complex housing puzzle Australia must solve.

"We need a massive increase in the nation's public housing and affordable housing stock.

"The CFMEU's plan to tax the outrageous profits of just a tiny portion of corporate giants will raise the $511 billion we need to build almost one million homes over the next two decades."

Contact details:

Matt Coughlan 0400 561 480

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