Experts say shift in policy needed to make use of current housing stock

Watch Experts say shift in policy needed to make use of current housing stock - Best Shows on Dailymotion

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00:00236 luxury suites, soon to be leased to low to middle income owners and people on the

00:12public housing list.

00:14A spa, pool and gym transformed into communal space, the complex run by a community housing

00:21provider.

00:22We've got to think outside the box, we've got to look at all the solutions that we

00:26can do to bolster housing supply.

00:30It's been unpopular with some residents and praised by others.

00:37Converting a space like this is an unorthodox project and an experiment the WA government

00:43is really hoping will work.

00:46We understand that a lot of people are looking at this project, but the need is there and

00:52we have to make big bold decisions if we are going to tackle social and affordable housing.

00:59With around half of WA homes having two or more spare bedrooms, some argue the state is

01:05not being bold enough.

01:07There's a lot of people who would love to downsize who are in inappropriate housing, but because

01:13of stamp duty they have to pay $50,000 to the government for the privilege of moving to free

01:20up their place.

01:21Scrapping stamp duty altogether, not on the cards for WA.

01:25I would argue this, bringing in other changes that would see people just shift to existing

01:33stock doesn't ultimately help supply.

01:36All our focus, including our tax incentives at a state level, is about how do we get more

01:44housing built.

01:45Professor Dockery says making housing affordable requires more than additional supply.

01:50Politically that's really difficult because the people who have entrenched interests in

01:55their existing properties don't want the prices to go down, but what we really need is policies

02:00that will bring prices down.

02:01A demand almost impossible to supply.

02:05We need to supply the prices to supply.

02:06We need to supply the prices to supply.

02:06But we need to supply the prices and this is a demand.

02:07The price-free prices were in the installed, and we need to supply the prices from the

02:07supply chain.

02:08You