The Albanese Government is a complete schmozzle on housing with the three bills that comprise its $32bn Housing for Australia plan blocked in the senate:
- The Help to Buy shares equity ponzi scheme.
- The Housing Future Fund high-risk equity investment vehicle to build a lousy 13,000 houses per year.
- The Build to Rent corporatisation of rental inflation.
Three terrible ideas all rolled into one!
And, 32 billion excuses not to do the one thing that would fix housing.
Cut immigration to 90k per annum for five years, which would:
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- immediately begin to resolve rental shortages and lower rental inflation;
- boost lower-end wages to help with deposit saving;
- slash interest rates and boost house prices, enabling builders to clear the huge backlog of approvals;
- further lowering rental inflation and preventing price growth from running wild.
The entire crisis is of the Albanese government’s own making, sacrificing the future of our children for vested interest profiteering.
