Australian first-time home buyers will pay the home sale price or new home build price, without paying any Mortgage Interest, Stamp Duty or Land Tax.
Australians selling their home or land to a first-time home buyer will not charge any Stamp Duty on the sale, or pay any Land Tax; which was applicable during the previous twelve months prior to the agreed sale.
Australians selling and then buying their replacement home will pay the home price, with no Mortgage Interest, and no Stamp Duty, where the sale or purchase price is $1 million or less. Homes sold or purchased with a value above $1 million, will only pay a fixed 5% Stamp Duty levy on the price above $1 million. This is to place pressure on houses prices to remain below $1 million.
Current Victorian Stamp Duty
$440,000 value Stamp Duty $18,370 plus 6% on value above $440,000.
$1 million home – Stamp Duty $18,370 plus ($560,000 x 6%) = $33,600 – Total $51,970
$1.2 million home – Stamp Duty $18,370 plus ($760,000 x 6%) = $45,600 – Total $63,970
New Stamp Duty
$1 million home – Stamp Duty not applicable
$1.2 million home – Stamp Duty ($200,000 x 5%) = $10,000 – Total $10,000
Australians who are retired and aged 65 and over, selling the family home and down-sizing to a smaller house; with the number of squares of the new home being the determining factor, not age, size or rooms, will be exempt from paying Stamp Duty on their new smaller home, even if the value exceeds $1 million. This is to encourage larger homes to be freed up for families.
Foreign investment home buyers (FIP) pay home price, plus mortgage interest, plus GST, plus 100% Stamp Duty calculated on the primary purchase price for every property they purchase. Example: $1m house price, plus GST $100,000 and Stamp Duty $1m = Total Price payable $2.1m
When they sell the property to an Australian home buyer, they can only sell it for the original home price of $1m or its revised base market value. They could try selling for $2.1m, but the market would dictate that the correct sale price is only $1m. Basically, the FIP buyer forfeits the GST and Stamp Duty, unless they are selling to another FIP or AIP buyer. Then the normal rules of GST ITC will apply.
Australian Investment home buyers (AIP) will pay the home price, plus GST and 10% Stamp Duty for their first investment property. The Stamp Duty rate will increase by another 10% for each subsequent investment property purchased. So, their fourth accumulative investment property would be sale price plus GST plus 40% Stamp Duty. If they sell one investment property to purchase another, then the Stamp Duty is set based upon the number of houses they own. Selling their fourth house to buy another will have only 40% Stamp Duty applied, not 50%.
This idea is designed to make it dearer for an investor to buy multiple properties, as the add-on costs get increasingly dearer as their portfolio grows. Even with the accumulative penalties, this should not overly penalise those people wanting to own a second property, but if they want to grow their property portfolio, then they will have to factor into account, the accumulative costs. Stamp duty is capped at 100% for properties ten and above.
Superannuation should not be used to purchase property at all, due to the volatility of the market, that could see their superannuation wiped out, if the value of the purchased property collapses. However, superannuation can be used to offset a mortgage to reduce accumulative interest. The financial effect is the same, but the risk to the superannuation is removed. Superannuation offset accounts are not required for sovereign mortgages because there is no interest to offset. These rules will only be applied when they come into effect. They will not be retrospectively applied.
Far too many residential investment properties are purchased in poor condition and then rented out, with the sole intention of the renter paying the landlord’s mortgage. Too many renters are denied mortgages by the banks on the basis that the renter cannot meet the mortgage criteria, but the same banks have no issue with a renter paying someone else’s mortgage.
Serious responsibilities and obligations should be placed upon all property investors, who intend to rent out their homes. Strict building maintenance schedules should apply and enforced.
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When a property is purchased for the purposes of being rented, the original build date will be used to determine when the maintenance timeframe obligations will apply. A new house will start from scratch, but a twenty-year old house that cannot prove any of the maintenance work has been carried out, will necessitate the landlord to undertake these maintenance repairs prior to putting the property up for rent. This will stop run down houses being purchased and rented out in poor condition. It will also incentivise investors to purchase new build houses, leaving the poorer maintain homes for first time homeowners to acquire as a cheap fixer up property.
All repairs and maintenance must be registered with the regulator, so that complete records are kept. No property can be rented until signed off by the regulator.
These obligation measures will ensure that landlords do not financially stretch themselves too far when buying property, as these maintenance costs will have to be factored in. It will also improve the quality of rental properties and remove the sham landlords and squalid tenements. It will also assist in growing business opportunities for handymen and tradesmen. It will also stop landlords from letting their properties fall into disrepair.
Landlords with new homes, will be better placed to charge a fair rent for their newer home and will enable them to put aside some rent earned for future maintenance costs.
All properties that are rented will have to be registered, so that the maintenance time frames can be recorded and adhered too. It will be the job of the regulator to ensure that all properties are checked and that maintenance schedules are maintained. No property will be allowed to be rented unless the maintenance schedule has been met, based upon the original build date of the property. This is something that the investor will have to take into consideration when buying a dilapidated property. They will not be able to rent it until the maintenance work is done.
The register should also state the landlord details, so that renters can comment about the landlord, whether they are good, bad or indifferent. This will help potential renters in selecting a good landlord.
There will also be a register of tenants, so that Landlords can check their history to see if they are bad tenants. This will prevent the “tenants from hell” from being able to rent again, thus making themselves homeless, unless they change their ways.
There will be strict rules on tenants for non-payment of rent, which will result in eviction. All rental notices must be agreed in advance, including the provisions for eviction. There needs to be a very quick-process whereby the landlord can approach the RPRR and show that the rent has not been paid. The RPRR will give the tenant one week to pay, where after eviction will be enforced. Unusual or mitigating circumstances will be taken into consideration, such as hospitalisation or loss of employment. The RPRR will evict the tenant, place their goods in storage and the property will be re-rented as soon as possible. The period of grace for payment of the arrears, must be stated in the lease. A good longstanding tenant, may be granted a much longer period to pay the arrears, than a recent short-term tenant.
Tenants that have fallen on hard times and cannot pay their private rent, thus necessitating eviction, will be housed in the first available council house. Genuine hardship cases will result in assistance being provided by the State, so that the tenant will not be made homeless. This arrangement will continue until such time that the tenant’s financial situation has improved, or they are rehoused into a council house.
These measures are designed to make the investor think twice about the additional costs associated with an investment property. So, when they are bidding for a property, they cannot exceed their total budget, which would be the purchase price and the add-on and ongoing costs. For a foreign investor, if their budget is only $1 million, then they will have to factor in the extra cost of the 10% GST and 100% Stamp Duty. This means that they can only really bid up to $475,000 for the property as the GST will be $47,500 and the Stamp Duty will be $475,000 making a total of $997,500.
The good thing about these measures is, that they do not affect the base house price. The other costs are all add-ons, which cannot be passed on when the property is sold.
We question whether it is possible to have both cheap and high value housing in the same area.
House prices are driven by market forces; it does not seem possible that you could have cheap affordable housing for first time buyers and yet maintain high value houses for other owners in the same town.
If you bring down the value of houses, then it will have a knock-on effect to all the houses in the town. After all, how can a $1m house maintain its value if all others are selling for less. Low-cost housing will drag the price of housing down. Furthermore, cheap housing could be purchased and then the local demand will drive up the prices of the cheap house to match those surrounding it. The solution is to build cheap housing in a new area, where there is no existing local price which can be affected or have an effect.
House purchasing under the current system relies upon a banking system, which lends money at set or variable interest rates, with repayments spread over 25 to 30 years. As a general guide, any amount of mortgage, say $1,000,000 borrowed at 6.35% over 25 years, will cost the borrower $1,000,000 in additional compound interest repayments. This will make the total amount repaid to be $2 million. If the repayments are spread over 30 years, then the interest rate can reduce to 5.29% and you will still repay a $1,000,000 in interest.
Banks can lend out the same single dollar of money, up to nine times. This is known as reserve fractional lending. In plain English, the banks print money and lend it out. Although there is a system by which they operate, the fact remains, that this system is making borrowing very expensive and ultimately reduces the amount of privately-owned money in circulation. The only entities that benefit from this system are the banks. The home buyers do not, but as they are so obsessed with the ever increasing, albeit artificial, valuation of their property; they are oblivious to the fact that they are paying 100% interest on the lifetime of their loan. The increasing value of their own home blinds them to the true cost of the purchase.
If banks, via the authority of the reserve bank, can print the money nine times using the same dollar and Governments can issue bonds, which are bought by banks, for which the Government agrees to repay the banks an annual interest of 3%, then why cannot the Government simply cut out the middlemen and print the money themselves, interest free. The short answer is, that they can, it is known as sovereign money. However, it is extremely important to understand that a government cannot just print money endlessly. To do this will increase the money supply in circulation, which in turn will increase demand, which will decrease supply, thus ultimately leading to price increases or what is commonly known as, inflation. Governments that simply print more and more fiat currency, ultimately plunge their economy into hyper-inflation, which destroys the value of the economy, leading to a severe and lasting depression.
If a government is going to control the issuing of its own money supply, without the need for bonds, banks or borrowing from the IMF, then they must apply the Golden Rule. The Golden Rule is, that they must only print money for use in projects where the money will ultimately be repaid in full or by Return of Investment Funding (RIF). By operating under (RIF), the Government will print a certain amount of money, normally the amount required for a particular project. The money will pay for the project and then the users of the finished project will, over-time, repay bit by bit the amount of the original loan. In the end, all the money will have been repaid and the Government will be back to zero, but they will have a completed project to show for it. This process can be used to build homes, roads, rail, bridges, NBN, airports, ports and buildings. Basically, anything for which a charge or fee-for-use will be applied.
Example: The Government prints $100 million dollars, they pay for a new highway, the highway will have tolls, for which the user pays to use. Over “X” number of years the tolls will eventually repay the Government the $100 million loan. At the end of the period, either the road can be used for free or the tolls are continued to be collected, to cover the cost of maintenance and up keep of the road.
This same method can be applied to home loans. Rather than obtaining a loan through a bank and paying 4% compound interest over 30 years, the mortgagee can borrow the money from the Government National State Bank interest free.
The Government will only be responsible for lending the money, it will be up to the borrower to seek a loan via an independent Mortgage Broker. The role of the Mortgage Broker will be to vet the applicant and determine the amount that they can borrow. The Mortgage Broker will submit the application and supporting documentation to the Government Bank for final approval. Once approved the money will be deposited into the borrowers nominated bank account, pending the successful purchase of their existing property. Where a borrower is building a new home, then the incremental instalments will be paid directly to the builder, without delay.
Mortgage Brokers will charge the client an up-front fee for service, they will also receive a long tail commission payment for the life of the mortgage. This is basically how the system works presently. This will keep the estimated 36,000 Mortgage Brokers in business.
All borrowers will be expected to engage a conveyancing solicitor and a pest and structural inspector for any property that they are seeking to purchase. Fees are payable by the borrower to these service providers.
As the Government will be lending the money interest free, it will enable the borrower to either repay the loan quicker or to spread the repayment over a longer period, which will reduce the monthly repayments. As there is no compound interest, then it does not matter whether the money is repaid monthly, fortnightly or weekly as there is no interest saving component to be considered. There will be no need for having an offset account either.
On a mortgage of $350,000 at 4% interest over 30 months, the monthly repayments, which include capital and interest, are approx. $1600. This is $19,200 a year, which equates to a total repayment of $576,000.
Under our system the same mortgage of $350,000 with no interest spread over 30 years equates to $11,667 per year or $973 a month. This is a $627 reduction in the monthly repayments.
Alternatively, they could choose to repay the mortgage at $1600 a month, which means, that it will only take 18.2 years to repay the loan. A reduction of nearly 12 years. Either way the borrower will be far better off. Low-income earners will now be able to afford their own home and higher earners will be able to repay their mortgage far quicker.
Additional advantages of this system come into effect when the borrower falls on hard times. Under the current system, if the borrower becomes unemployed or is unable to work due to injury, then the banks will allow a short period of grace, whilst the borrower seeks new employment or recovers, but if the borrower does not find employment or cannot recommence their repayments, then they will either be forced to sell or they will default and the bank will foreclose on their mortgage and repossess the home. The owners will be evicted and placed on the street. Then they will either have to find alternative private rental accommodation or seek assistance from the Government.
Under our system, as the Government is the bank, when borrowers fall on hard times, the loan can be restructured to be spread over a longer period, thus reducing the monthly instalments, or the loan can be converted to a rent loan. The mortgage can be suspended and the owner simply pays a fixed monthly rental fee. Their equity in the property is secured and not lost. If they are injured and can never work again, then they simply stay in the home as a renter, until their death, whereupon the property is sold and the equity is distributed to their next of kin. If the renter finally finds employment, then they can recommence paying their mortgage. The rental amounts paid will be deducted from the mortgage.
The great advantages of this scheme are, that no one ever again needs to be made homeless, because of arrears or unforeseen circumstances. The loan can be restructured to provide maximum benefit and support to the borrower in their time of need. In the worst-case scenario, we could let the borrower live rent free, until their death. This would occur where a borrower is severely disabled and cannot ever return to work. The home can then be modified to enable them to live in the home. The thought that you will never lose your home and be “turfed” out on the street, will improve the morale of people. The fact that they can pay their mortgage off quicker, will enable them to free up money to purchase other things, or if they are low paid, they will still be able to buy a home of their own.
The implementation process is critical, for currently we have a system of private landlords, with paying tenants. These properties are investments, which rely upon the rents to pay for the investment. If tenants’ can, suddenly, purchase their own home, then we could end up with a situation where we have millions of investment properties without any tenants. It is inevitable that as the number of tenants purchasing their own homes increases, the number of investment properties will decrease.
It is important that property investors realise that investment property ownership, based upon having a tenanted property, will become less common, to the point where approximately only five percent of homes will be tenanted rental properties. This is because there will always be people who do not wish to buy and prefer to rent or must rent, for whatever reason.
We would first introduce this new mortgage system to the new first-time new home buyers, followed by the first-time existing home buyers. We anticipate that landlords would offer their properties for sale, first to the incumbent tenant and then to the wider public. It is important for the property investors, not to get spooked and embark upon panic selling. This will only serve to crash the market and destroy their investment. We would like to see an orderly selling of these properties, so that investors can receive a fair payment for their investment. We anticipate that the process of properties changing hands from investors to tenants/new home owners to transpire over one to five years.
From the investor’s perspective, this Government backed mortgage scheme will spell the end of home investment portfolios. At first it would appear to be a bad idea, but when one realises that property investment is to some degree a mugs game, especially when you factor in the interest paid, the capital gains tax levied against your investment, plus the volatility of the market and the ever-present threat that the property might not be able to be sold or by a quirk of fate become worthless, then you might be better off investing your money elsewhere. So, to sweeten the deal, we propose that any investment property that is sold, following the introduction of our scheme, will not be subject to any capital gains or other taxes. This will mean that the investor gets to keep all their profit. Bearing in mind that eventually they would have to sell the property, this is an excellent outcome for the investor.
It will still be permissible to purchase and own home investment properties. In fact, you will still be able to negativity gear the properties, if you are able to do it. The simple fact will be that it is unlikely that you will have any renters to rent the property. Currently we have no plans to offer the Government Mortgage Scheme to investment properties. It will purely be available for home owners. Investors that wish to borrow to buy investment property will need to organise their loans through the normal banks and normal bank interest rates. It will not be possible to borrow against your GMS backed home, whilst you are repaying the loan. However, once you have purchased and own your home, then you can do with it as you please. However, it must be remembered that there are risks to investing and poor investing could cost you your home. If this happens then the previously mentioned safeguards will not apply and you could end up on the street.
Land availability and its cost are a major contributing factor to the increasing price of houses. A typical vacant residential block of 600m2 in the South East of Melbourne can sell anywhere from $250,000 to $750,000. Land is a major price component of any house purchase. In some cases, the land may cost more than the building upon it, due to its desirable location. In theory two identical houses should cost the same to buy, but the price of land can vary greatly depending upon where it is located. So, land and its price is the major factor that needs to be addressed, if we are to build and sell houses at a reasonable affordable price.
Land without a dwelling is pointless, if it is your intention to reside at that location. So, for many people the actual building is far more useful and important than the land that it sits upon. The only advantage of land is, that you can use it to play on, grow things on or leave things on. To purchase a block of land for $200,000 in a desirable area is an expensive exercise, when all you want to do is build a home and live in it. The cost of the land added to the cost of the building represent a sizable purchase, which under our current mortgage system makes for a very expensive exercise.
To be able to reduce the cost of the land along with reducing the cost of building a house, will make buying a home considerably more affordable. To achieve this one can either sell land at a discount price or lease the land for a fixed annual amount over a fixed period. With our new cities, we will allocate land to build homes. The lot sizes will range from 600m2, 1100m2, 2200m2 and 4400m2. You will have a choice of buying or leasing the land. The intention is to ensure that by the time you retire, you will be debt free.
| Land Lease | Lease PA 600m2 | Plot Price 600m2 | Lease PA 1100m2 | Plot Price 1100m2 | Lease PA 2200m2 | Plot Price 2200m2 | Lease PA 4400m2 | Plot Price 4400m2 |
| 50 Years | $ 1,000 | $ 50,000 | $ 2,000 | $100,000 | $ 4,000 | $200,000 | $ 8,000 | $400,000 |
| 25 Years | $ 2,000 | $ 50,000 | $ 4,000 | $100,000 | $ 8,000 | $200,000 | $ 16,000 | $400,000 |
| 20 Years | $ 2,500 | $ 50,000 | $ 5,000 | $100,000 | $ 10,000 | $200,000 | $ 20,000 | $400,000 |
Leasing the land, you will pay the fixed annual rate, you will never own the land, but the lease will prevent the land price from increasing, which will help maintain low prices. Buying the land, you will need to add the cost to the mortgage and pay it off, but at the end you will own the land. The problem is, that there will be pressure for the land to increase over time, which will inflate the price of houses. We therefore could end up back paying $1m for a home. We are not opposed to land ownership, but we do not want to repeat the price inflation of homes, which has made home ownership for many, impossible.
Recent land sales in 2026.
Berwick – 6408m2 selling $2,500,000
Pakenham – 8.4 hectares selling $9,500,000
Macarthur – 114.6 hectares selling $1,950,000
PAKENHAM 8.4 hectares = 20.8 acres
Price $9,500,000
4400m2 x 20 plots = $475,000 per acre
2200m2 x 40 plots = $237,500 per half acre
1100m2 x 80 plots = $118,750 per quarter acre
550m2 x 160 plots = $59,375 per plot
MACARTHUR 114.6 hectares = 283.3 acres
Price $1,950,000
4400m2 x 283 plots = $6890 per acre
2200m2 x 566 plots = $3445 per half acre
1100m2 x 1132 plots = $1722 per quarter acre
550m2 x 2264 plots = $861 per plot
The private sector purchases the land to on sell to developers for a profit. The developer will then mark-up the land and sell it to the home buyer. A typical 544m2 plot is selling for approximately $479,000 so, almost ten times the original purchase price. With a typical 4-bedroom house costing approximately $300,000, it’s not surprising home and land packages are approximately $800,000.
Whereas, a plot of land in Macarthur can be purchased for less than $1000. In order to build cheap affordable housing, you will need to remove the profiteering from the equation. This means that the State will need to purchase the land at a price of up to $25,000 per plot. The State can then sell the plot for $50,000 to the home buyer. This figure will enable the State to recoup its expenditure and have a minimum of $25,000 to pay for the infrastructure of the new housing development.
The only logical way to proceed is to create new cities, where the land is cheap and then to construct houses that sell between $300,000 to $500,000, typically $400,000. Coupled with the mortgage being interest free, a typical person on an average wage would be able to purchase a home and easily pay it off in twenty years, if not, a lot sooner. With the State buying the land, this will make building Council houses a lot cheaper, enabling more to be built.
Historically the average interest rate has been 8.55%, although rates have risen higher. The highest the cash rate has ever been is 17.50% in January 1990. This finally dropped below 10% in September 1991. With this in mind, we have used the interest rate of 10%, which is high when compared to current rates, but the figures stated are what you will pay if rates were to rise to this figure.
The amount of interest that you would pay over a 30-year mortgage is over double the original house price. It is the accruing interest which makes mortgages so unaffordable and eats up the majority of your take home pay.
| Loan Amount | Term Years | Interest | Total Loan Payment | Total Interest | Required Nett Salary | Monthly Payment |
| $ 2,000,000 | 30 | 10% | $ 6,318,516 | $ 4,318,516 | $ 210,624 | $ 17,552 |
| $ 2,000,000 | 30 | 8% | $ 5,283,105 | $ 3,283,105 | $ 176,112 | $ 14,676 |
| $ 2,000,000 | 30 | 5% | $ 3,865,116 | $ 1,865,116 | $ 128,844 | $ 10,737 |
| $ 2,000,000 | 30 | 2% | $ 2,661,261 | $ 661,261 | $ 88,716 | $ 7,393 |
| Loan Amount | Term Years | Required Nett Salary | Monthly Payment | Term Years | Required Nett Salary | Monthly Payment |
| $ 2,000,000 | 20 | $ 100,000 | $ 8,333 | 25 | $ 80,000 | $ 6,667 |
To work out how much you can borrow to buy is calculated using a fixed formula. It is based upon the cost of a loan using current interest-bearing loans. This is to safeguard against any future Government getting elected and reversing sovereign money due to pressure from the banks. The loan can be calculated using either end of the scale, I.e., the loan amount or the repayment amount.
You start with the amount of the loan you want to borrow, say, $500,000. This figure is multiplied by a 30-year mortgage at a fixed interest rate of 10% per annum. So, a $500,000 loan at 10% interest over 30 years would cost in total $1,579,629 of which the total amount of interest repaid would be $1,079,629. The monthly repayment will be $4388. In effect you would pay three times for the property due to the accumulating interest. Furthermore, you would repay $52,656 every year, on 10% interest, which would eat up most of your nett income. This is why the current trend of taking out million-dollar mortgages on 2% interest, is fraught with danger, for if the interest rate does increase, then the monthly mortgage repayments could soon grow to be unaffordable. And 10% is only slightly higher than the historical international interest rate average of 8.55%. See the chart below.
You then take the monthly repayment amount of $4388 and multiply this figure by 12, making $52,656. This figure is the amount of your annual salary that you must earn to qualify for this loan amount. So, to borrow $500,000 your annual pre-tax salary, excluding superannuation must be $52,656 or higher.
When it has been established that you meet this salary requirement, you then work out what your sovereign mortgage will cost. You will have the option to repay your mortgage over 20 or 25 years, as standard. This enables you to spread the repayments over a slightly longer period, if that will help with your cashflow, but as the intention is to get you to own your own home as soon as possible, all mortgages will be based upon 20 years, unless 25 is requested, but you will be allowed to repay your loan over a shorter time-period, if you so desire.
Taking the $500,000 loan divide it by 20 years makes an annual repayment of $25,000 making a monthly repayment of only $2083, or $1667 if spread over 25 years. So, someone earning only $52,656 per year will easily be able to afford a $500,000 mortgage at only $2083 per month. Another way at looking at it is, that we will lend you an amount that the annual repayments equal approximately 50% of your gross salary.
So, someone on $90,000 per annum who could repay $45,000 per annum or $3750 per month over 20 years, could in theory borrow approximately $900,000 to buy a home. The good thing about sovereign money loans is that someone earning the minimum wage of $40,000 per annum could borrow approximately $400,000, which although is not enough to buy a home in Melbourne, would be enough to buy a home in one of our new cities, where the houses will be sold between $250,000 and $500,000 typically. So, home affordability would come within the reach of even the lowest paid workers in the country.
In an ideal world, we would have 90% home ownership, 5% private rental and 5% council homes. The need for council homes will always exist as not everyone is capable of buying their own home, either because of financial or psychological reasons. Council homes are designed to house those who are in need of assistance from the state. We have some 124,000 homeless people, all of whom need a roof over their head sooner rather than later. We will need to build at least 100,000 council houses, to alleviate the current homeless problem. At $200,000 per dwelling, we will need to budget $20B for this project. The funding can be part of the sovereign money programme, where the state will own the assets and rent them to the council tenants. Although this technically breaches the rules on how sovereign money is spent, the fact is, that the state will get to own these properties, thus having an asset as opposed to cash. Council homes will need to be strategically placed around the country to satisfy the demand in each state. The priority tenants will be the homeless and then moving to those that cannot help themselves. The type of council home will vary, from standalone homes, units, duplexes and flats to assisted living blocks.
There are a lot of lies and falsehoods stated about Conservatives and their attitude towards social housing, but the truth of the matter is, that Conservatives build more council homes. Conservative governments in the UK in the 1950s (starting from 1951) delivered a massive expansion of social housing, meeting their pledge to build 300,000 houses a year, with council houses forming a significant portion of that total. During the height of this period, council house building averaged around 147,000 homes a year. When we repeat this here in Australia, we will solve the housing crisis. To achieve this, all you have to do is, Vote National Conservative; and we will do the rest.
We should utilise vacant offices and convert them into temporary residential accommodation. The internal fit-out would only be temporary, but functional. This again would alleviate the immediate homelessness problem, pending a long-term solution. Although not ideal, every little helps and gets people off the streets and into a bed.
Unfortunately, not everyone has the ability to live autonomously, some people need varying degrees of help. There will be three stages of state accommodation for assisted living.
Kit homes are small, but very affordable homes. They are often used as a second dwelling at a home of a hobby farm. They are cheap, easy to erect and can be moved if required. Although basic, they do provide a bedroom, lounge and kitchen and can have a toilet and shower attached. Because of this they make good temporary accommodation for a person in need of shelter. With a basic kit home costing as little as $25K, you could build 1000 units for $25m.
