CLANCY OVERELL | Editor | CONTACT
As the housing crisis becomes the centre focus of the 2025 Federal Election, both the major parties are doing everything they can to not talk about the tax loopholes that have created Australia’s hysterical property bubble.
Not since the 2019 election has anyone ever thought to fiddle with the tax policies that are directly responsible for the nation’s toxic me-first culture of wealth hoarding and generational inequality.
Bill Shorten’s campaign to unscramble the housing egg saw the then dominant baby boomer voting block rally against him en masse, in turn, delivering Australia the most incompetent Prime Minister we ever could have imagined leading us through the Black Summer bushfires and Coronavirus pandemic.
Since then, nobody has thought to offer any relatively helpful housing policies, out of fear that the levelling the playing field between the haves and have-nots will result in a shoulder-to-wheel media backlash as the major news networks fight tooth and nail to protect their own investments in the billion dollar real estate listings industry.
Instead, both Labor and the Liberals have decided that ‘supply’ is the sole issue when it comes to Australia’s catastrophic lack of housing security, and the subsequently catastrophic rates of homelessness for older women.
The fact that hundreds of thousands of enormous residential properties remain empty as land-banking assets for off-site property investors is definitely not part of the problem. Neither is the fact that we have a tax system that means empty properties can make investors richer than they would be if they had to deal with the inconvenience of renting to young families.
However, with up to ten Independents expected to oust Liberal Party MPs in Australia’s most affluent blue-ribbon electorates, it seems that the hundreds of thousands of empty residential properties are rapidly coming to life.
They still remain empty, but they are now finally being put to good use as a billboard for the political views of the multimillionaire owners who want absolutely nothing to change when it comes to Australia’s growing class disparity.
