The ‘mindset shift’ that needs to happen
In remaining fixated on home ownership, are we holding our gaze on an unattainable goal?
We need to shift the conversation to be about a person having access to housing and the ability to make choice in terms of that housing to suit their needs at that stage of life.
A person needs to be provided with the stability that enables them to make the house they are living in their home. Even if they don’t own it.
A strong enabler for security and better conditions of tenure could be to restructure market rental provision through tax concessions and other measures that entice institutional investors to build properties and hold them over the long term for rental – this is known as ‘Build to Rent’ housing (BTR).
A Fixed Abode proposes a shift in conversation about Australia's rental market and suggests how investment and Government support can bring stability to the rental experience.