Published: 16 December 2014
The current OECD Economic Surveys Australia December 2014 Overview comments on housing. The review notes that success has been limited so far in addressing homelessness and in improving housing affordability. This observation is made within the context of the OECD also stating that shared federal-state programs (e.g. housing) do not work as well as they could. The OECD supports an increased and broader GST and the possibility of State-based income taxes.
The OECD also notes that Australia's relative poverty at 13.8 is higher than the OECD average of 11.1, income inequality is 0.324 compared with the OECD average of 9.308 and that public and private spending as a % of GDP is 2.5% on pensions compared with OECD average of 8.75%.
The Organisation for Economic Co-operation and Development (OECD) was established in 1961. it is headquartered in Paris, France and 34 countries are members - including Australia. There are 2500 staff and approximately 250 publications are published each year. OECD web site: http://www.oecd.org