A new survey reveals that most Australians want the government to prioritise investment in affordable housing over tax concessions such as negative gearing for property investors.

The survey, commissioned by Everybody’s Home, polled 2,500 voters and found that nearly half support increased government funding for affordable housing, while only 17.5% believe investor tax breaks should be a priority.

More than a third of respondents identified housing costs as their biggest financial pressure, followed by groceries (26%), energy bills (16%), and insurance (9%).

Maiy Azize from Everybody’s Home argues that shifting focus towards affordable housing initiatives could help ease the housing crisis.

However, analysis by the Property Investment Professionals of Australia (PIPA) warns that reducing tax incentives is already prompting investors to exit the market, which could have unintended consequences for renters.

A shrinking pool of property investors means fewer rental properties available, increasing competition among tenants and driving up rental prices.

The potential impact on housing supply and affordability highlights the complex relationship between property investment, taxation policies, and mortgage lending.