LABOR has admitted that the housing crisis which they caused will not improve for at least a generation if at all. Builders going bust due to Labor’s policies, unaffordable homes & mass immigration means that this generation are unlikely to own a home or would not even be able... to pay it off in their lifetime. We will have a whole generation living at home with their parents for much of their adult lives unless they spend half of their wages each week on rent. And people wonder why the birth rate is dropping. Labor has KILLED the Australian Dream & has doomed an entire generation. They have also stolen & sold off our future.show more

It was done on purpose. How to fix it and how long will it take? One full 747 fits 400 people. Say 100 flights per week, we could drop the population by 800,000 in a little under 6 months. Hey presto plenty of houses.

All previous governments have allowed this to hapen - ABS - Australian Bearu of Statistics - a government department used to make projective planning. It. Is. Done. On. Purpose.

Labor is a cancer upon Australia that is metastasizing at an alarming rate. Australia is in a death spiral under the idiotic brainless Socialist policies Labor is inflicting upon Australians. We desperately need a change of government with Labor being sent into political extinction. Time to save our country! VOTE LABOR OUT

Keep voting @AustralianLabor & @Greens Gen Z, what can possibly go wrong?

Labor didn't do it, all sides of politics in power have been destroying it for decades. If anything, Labor has actually tried to do something about it by reducing the tax incentives for further speculation. The problem is, none of them are willing to address immigration. Not even One Nation.

Oh my goodness. Imagine my surprise- Marxist Communist controlled dictatorships is bad for economies. who woulda thunk?

Labor and liberal together created this I’m so sick of them. Dictators, they forget we pay them they work for us !!!

Labor killed the Australian Dream and doomed an entire generation. Dysfunctional government - Completely fucked it. Labor just admitted the housing crisis they caused will take a generation to fix ? Builders collapsing. Kids living with mum and dad into their 30s. Rents eating half their pay. Labor flooded the country with migrants , smashed the building industry, then shrugged. $145 million Band-Aid on a disaster they created ! "Homes for Australia" National plan to address the housing and building supply crisis. Total direct commitments toward housing initiatives sit at roughly $33 billion dollars. So how can this situation be Possible Labor must be crashing it on Purpose or Piss Poor Policies and Politicians

Australia's Big Four banks pulled in $29.8 billion in profit in a single year. Meanwhile. Only 25% of Australians earn a six-figure salary. Only 31% own their home with no mortgage. And just 1 in 4 make it to retirement mortgage free .

It’s not reasonable to blame this entirely on the ALP. The LNP are equally culpable. This isn’t a recent phenomenon by any means.

And now, Apprentices are not being signed up, due to the entire market drying up. This Keating brainfart from Chalmers is going to cause a pretty big issue in the building industry, and if you though it's expensive now, you've seen nothing yet.

Mr Ng is better off returning to Vietnam at this point. It's not just white Australians that the political class hate, it is everyone in this country that is not in their clique.

Australia will just become a landmass of an imported population with minimal births. Corporate profits must be maintained.

Destruction of housing "Australia is facing a severe housing and rental affordability crisis driven by a deep supply shortage, restrictive zoning laws, and rapid population growth"

Kicking the can since pretending to have dodged the GFC in 2008 now the chickens have come home to roost, what do you think @grok

Open your eyes, housing affordability has been a can that successive governments have been kicking down the road for decades Pretty much all that's been done has been to subsidize first home buyers which has always added fuel to the fire. The market needs to fall significantly.

Close to $1M for newly constructed one-bedroom apartments on the Gold Coast. Somethings gotta give.

They’ve destroyed investment and business in Australia and it only took them 4 years! Well done fuckwits! Your brains are in your excrement.

Australians have no one to blame but themselves. This is what happens when you ut too many eggs in one basket. Don't cry when the winds change.

They need too get the fuck out of our lives. Let me build my own house and leave us alone

We all know one measure to fix it but they refuse to listen. They’re not serious about fixing it.

Stop immigration now & deport the ones that are not nationalised. Australians are living in tents because greedy governments. Enough already

So inability to afford house all time high yet market down 10-25% business collapsing record rate what could further go

Yep, I’m 28 and still living with my father because I simply could not afford rent by myself. It would be almost ⅔ of my fortnightly check. And better to live with dad than random roommates

Labour don’t care about housing. They can set their party up for the future with high immigration, who then become citizens who then vote for who let them in.

Housing shortage caused by Howard’s negative gearing

Naa, Wym. They’re the good guys, they and the uni party haven’t completely destroyed this country and everything our ancestors built…

Libs started the housing mess & flood of immigrants from HongKong / China .. then Labor continued it with Indians Builders have been going bust since COVID Housing in Australia has been cooked for 2 decades & both parties are to blame

And of course they show a fucking g**k in the story. More manipulation.

This trend is deliberate, orchestrated and has been in progress worldwide since 1980 (both majors everywhere). The same issues in all Western Countries, high inflation (devaluation of currency), low internal population growth fuelling higher immigration, unaffordable housing.

That's an asian... his parents are asians... deport them all.

They did not cause anything Problem is housing ignored from time of Howard

"which they caused" surely you can't be serious Bad planning is not a partisan pursuit ffs. yes, cities were full 20 yrs ago, nothing was done, no new centres, just count the stamp duty etc.. we elect pitiful hacks, we reap what we sow

Get rid or Air BnB and there wont be a problem seriously the houses sitting around with no one in them is the issue...

Labor intentionally crashed the housing market in time for the new immigration quota