Officers have been warning tenants of the new housing benefit cuts since they were announced in the budget in June.
The opposition leader, Bill Shorten, announced some big and potentially risky policies, including the plan this weekend to allow negative gearing for only new housing and cuts to capital gains tax concessions.
A22 NEW YORK/REGION B1-8 New Housing ProposalMay Force Deep Cuts The New York City Housing Authority could lose up to almost a quarter of its annual federal subsidy for operating costs, or about $166 million, under a new cost-cutting proposal by the Bush administration that could force dozens of housing agencies nationwide to fire maintenance workers, slash services or close buildings.
Democrats say the legislation, which would work in tandem with President Obama's new housing plan, could cut foreclosures 20percentt.
Turnbull says current policy settings are helping "mum and dad investors" and that Labor's policy – to restrict negative gearing to new housing and to cut the capital gains tax discount from 50%to25%5% – would send rents soaring and property prices crashing.
But Nimbyism has a cost: in New York, it cuts the number of new housing units built and jacks up the price of existing housing.
Schools sang Mandela birthday ditties, assemblies were held, politicians elbowed each other out of the way and celebrities cut ribbons at new housing complexes, schools and crèches.
The pound sank to an all time low against the euro on Friday, after new housing data pointed to a rates cut by the Bank of England as early as January.
The coalition government cut the value of new housing benefit claims from 1 April 2011.
It also takes into account major changes instituted over the last two years, such as mandatory cuts to water usage, lawn restrictions for new housing developments and better groundwater management.
