The inability of Labor’s Treasury Spokesman, Chris Bowen, to explain how Labor’s new housing “affordability” policies could decrease house prices shows it is not about affordability at all.
If the aim of federal government policies is to increase affordability without decreasing house prices, then there is only one solution – allowing potential purchasers access to all their savings, including superannuation.
The interim report of the Royal Commission into the Protection and Detention of Children in the Northern Territory is heading dangerously close to yet another ideological cul-de-sac.
This week's program concentrated on flooding, politicians and townplanning.
The analysis by the majority is fundamentally sound, and avoids the mistake of thinking that housing affordability can be fixed by introducing more Commonwealth Government regulation and tax. But it misses the real problem for first home buyers, which is the deposit gap.
Abolishing negative gearing is sold as a solution to housing affordability, but if it does nothing to reduce the price of houses, then it does nothing to solve affordability. Yet proponents of negative gearing continually tell us it will not affect house prices at all.
Queensland Housing Minister Mick de Brenni's determination to return welfare housing to its Soviet-style past provides the latest natural experiment into what public policy approaches work best.
The latest Morgan Gallup Poll shows Malcolm Turnbull’s approval rating falling slightly, but a massive increase in the numbers preferring him as Prime Minister over Bill Shorten.
The Productivity Commission noted in 2015 that the most frequent use of superannuation lump sums was to fund housing, including paying down mortgages and renovations.
Minister de Brenni must have missed the memo from federal leader Bill Shorten that the socialist objective is 'as much use as a 100 year old street directory'.