Concerns Coalition Housing Policy Could See Prices Rise, Yet Long-Term Solutions Nowhere in Sight

Concerns Coalition Housing Policy Could See Prices Rise, Yet Long-Term Solutions Nowhere in Sight
BRISBANE, AUSTRALIA - MAY 15: Australian Prime Minister Scott Morrison speaks to the crowd at the Liberal Party election campaign launch on May 15, 2022 in Brisbane, Australia. The Australian federal election will be held on Saturday 21 May. Photo by Asanka Ratnayake/Getty Images
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The incumbent centre-right Coalition government’s recently announced housing policy—that will allow first home buyers to access their superannuation funds—has been criticised by the opposition, financial sector, and unions over concerns it will cause a spike in residential real estate prices.

Yet in early May, one economist told The Epoch Times that the centre-left Labor Party’s policy had similar consequences for the housing market and that both major parties were not looking at longer-term solutions.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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