this post was submitted on 19 Aug 2023
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That's some next level projection there. Labor's policies first and foremost seek to ensure housing continues to rise. They want to give the appearance of doing something to the media, while having no real impact.
I started losing confidence when they had that 'summit' last year, and they came out yelling, "its supply, its all supply side, nothing to worry about with the way housing system is structured. All we have to do, is build more on top of the high numbers we already build!"
Since then i haven't heard them even pay lip service to the idea that in order to fix housing for all people in this country we need to reconfigure the housing to serve the interests of owner-occupiers first, not owner-investors. This is a demand side issue, as well, fixing supply won't fix the increasing private debt burden, or increasing costs of housing on the weekly budget. It will increase sales of houses though, increasing GDP and velocity of money in the economy 'healthy economy!' (For those who can afford the buy in!)