During the Albanese government’s first term, one of the main policy focuses was on public housing.
Throughout much of the second half of the government’s first term, various public housing-related policies were major bones of contention, most notably the Housing Australia Future Fund or HAFF.
The HAFF provided the Albanese government with a striking headline that they were investing $10 billion in public housing. Except the money wasn’t going to be spent on public housing, it was invested in stocks and other asset classes, and the returns would then be spent on building public housing.