Call for empty homes tax to ease rental 'crisis'

There are calls for a Vancouver-style tax on empty houses to help ease the rental affordability crisis gripping Australian cities.

Source: Sydney remains the epicentre of rental pain. Photo: Rob Homer

Paying the median Sydney rent would absorb 60 per cent of the average pre-tax income of a family in the bottom 40 per cent of households by income. As a chunk of after-tax income, the burden is higher still.

Regional NSW has also emerged as the nation's most expensive non-metropolitan region in Australia for renters.

 

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http://www.smh.com.au/nsw/call-for-empty-homes-tax-to-ease-rental-crisis-20161122-gsuo8d.html