Statements and Releases

Labor’s Dire Housing Record

Authors
Senator Andrew Bragg
Liberal Senator for New South Wales
Publication Date,
June 5, 2024
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June 5, 2024

Senate Estimates has revealed the dire state of Labor’s failure on housing.

Labor governs only for narrow vested interests. They have no time to solve the pressing economic problems of the day as a result.

Labor has given up on governing for the Australian people. Labor isn’t keeping our community safe, easing the cost of living pressures or tackling the housing crisis.

Labor's warped and misguided priorities have made Australians worse off than just two years ago.

In the past two days, it has been revealed that:

  1. Labor hasn’t modelled the impact of migration on housing; (https://www.youtube.com/watch?v=FuBNdJENvwY)
  2. Labor will fail to meet their own housing supply targets by 25%; (https://www.youtube.com/watch?v=JYMMM3QYxCw)
  3. Help to Buy is unusable for a first house in every capital city bar Melbourne; (https://www.youtube.com/watch?v=lNHD8qNJY8o)
  4. The HAFF has already cost taxpayers $30m without a single new home being built;
  5. Big super funds will receive tax breaks to construct Build to Rent projects;
  6. Labor’s housing agency has established a six person government and corporate relations team; (https://www.youtube.com/watch?v=VzLJg2IsAKM) and
  7. Perhaps worst of all, housing construction is at a 10 year low.

The true test of Labor’s record in housing can be seen in the lack of houses being built and Labor’s failure to meet their own policy initiatives.

Labor’s own National Affordability and Supply Council confirmed there was no chance Labor’s main supply policy would be met. Yet the Government wrongly insists the policy will be met.

Labor’s main demand side policy is an ugly, discredited scheme, and Labor seems clueless about any other option.

The only good option on housing is to get rid of this bad Government.

[Ends]

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