this post was submitted on 08 Mar 2025
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Why would they implement something people don't want?
Bill Shorten went to the election with attempts to bring house prices down and lost an unlosable election
The liberal party have offered nothing to reduce house prices and they're in the lead to win the next election
Yeah, that's right. I remember that campaign. A raft of actual progressive policies to address some of Australia's most pressing concerns... and it lost. It was a real turning point.
Houses are most people's primary investment. You can argue about whether or not that ought to be the case but it is the case and can't be readily undone.
While it's still getting harder to purchase your first house, everyone who already has a house has an interest in preserving house prices. I don't have the numbers to hand, but something like 60% of voting Australians live in a home they own, but fewer 20 to 30 year olds own homes than at any time in the last 50 years.
... that's a complicated way of saying things are harder than ever for first home owners but there's still no political support to address the core problems.