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Federal Budget Solution Won't Solve Housing Crisis
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English - October 27, 2022 08:26 - 6 minutes - 5.76 MBInvesting Business Society & Culture Places & Travel hotspotting propertyinvesting propertyinvestment firsthomebuyer smsfpropertyinvestment Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
There have been big headlines around Australian in the wake of the new Federal Government’s first Budget.
They’re going to build a million new homes in five years to solve the housing shortage crisis.
There’s been widespread – although not universal – applause, because it looks and sounds great at first glance.
And, as you can imagine, the organisations that represent builders and developers are expressing considerable glee. No surprise there – it sounds like a windfall for them.
But that’s at first glance.
At second and third glance, it looks to me like a spectacular failure by the new Federal Government and by Treasurer Jim Chalmers, who is Federal Labor’s bright-eyed boy and no doubt their future leader.
It’s a spectacular failure because it shows that the Government does not understand the real issues here, how the problems were created and where the genuine solutions lie.