Day 16 cont

“Leaders brush off warnings from #economists that duelling #housing #policies will drive up prices in #Australia”

When the #Political lass tell you their existence matters more than other Australians.

#AusPol / #Liberal / #LNP / #Nationals / #Labor / #HousingCrisis <https://www.theguardian.com/australia-news/2025/apr/14/economists-criticise-labor-coalition-housing-policies-anthony-albanese-peter-dutton-property-prices>

Day 16 cont

“One is left to wonder, why do parties of both major #political persuasions keep doing things which they know will put upward pressure on #house #prices, and thus exacerbate the #problem they say they are trying to solve?

It’s hard to avoid the conclusion that the reason is that they know there are only about 110,000 people who each year succeed in becoming first home buyers. And even if you assume that for every one who does, there are five or six who don’t, that’s still only 700,000 or so votes, tops, for policies that might restrain the rate of house price inflation or halt it altogether.

Politicians also know that at any point in time there are more than 11 million voters who own their own homes, and more than 2.25 million who own at least one investment property. The last thing those 11 million to 13 million voters want is anything that might restrain – let alone halt – the rate of property price #inflation.” — #SaulEslake

#AusPol / #OpEd / #housing / #Australia / #LNP / #Liberal / #Nationals / #Labor <https://www.theguardian.com/commentisfree/2025/apr/14/the-housing-policies-of-both-major-parties-are-bad-for-aspiring-home-buyers>