Australian politics live: Wilson claims Labor taxes delivered ‘trifecta of housing failures’ as Butler accuses opposition of copying One Nation policy


Wilson claims Labor taxes delivered ‘trifecta of housing failures’

Shadow treasurer Tim Wilson, is first up at the dispatch box today and asks if the government will confirm it’s on track to miss its housing build target by at least 300,000 homes (“woah” shout the opposition members).

Wilson attributes it to toxic taxes delivering “a trifecta of housing failures. Fewer homes, higher rents, and confidence in the Australian housing market smashed.”

The government had promised to build 1.2 million homes over five years to mid-2029.

The housing minister, Clare O’Neil, says the housing crisis has been cooking for more than 40 years and then goes into a bit of a compare and contrast with the opposition’s policies.

double quotation markThe combined effect of our supply measures as a government is going to build an additional 400,000 homes for Australians, a big part of that, Speaker, is our push on social and affordable homes. We have a fundamental belief on the Labor side of politics that the government has got to be involved in the task of housing Australians. Now, that 55,000 Speaker, we had a question here that relates to supply, do you remember how many homes they built, in nine years of government? 373 homes.

Wilson then makes a point of order and says O’Neil isn’t answering the question. Speaker Milton Dick tells the minister not to “stray” into too much talk about the opposition.

O’Neil won’t confirm the opposition’s number and spruiks the government’s housing targets and policies like previously increasing commonwealth rent assistance.

Australian politics live: Wilson claims Labor taxes delivered ‘trifecta of housing failures’ as Butler accuses opposition of copying One Nation policy
Housing minister Clare O’Neil. Photograph: Mick Tsikas/AAP
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Key events

Chalmers to release latest intergenerational report with AI a major feature

Patrick Commins

Patrick Commins

Jim Chalmers will release the latest intergenerational report on 21 September, which the treasurer described as “a snapshot of all of the changes we expect to see in our economy and in our society over the next 40 years”.

The government is required to release an IGR at least every five years under the charter of budget honesty, but can be more frequent (the most recent was in 2023).

In the words of Treasury officials, the reports “examine the long-term sustainability of current policies and how demographic, technological and other structural trends may affect the economy and the budget”.

Artificial intelligence is likely to be a major feature of this year’s report, given its potential to transform the way we work and live over coming years and decades.

That said, Treasury officials have already advised they expect AI will only help productivity growth return to historical levels, rather than unleash a new wave of prosperity.

The IGR will also look at the effects of an ageing population on the economy and the country’s finances. The last IGR highlighted how compulsory super had lightened the burden of paying for aged pensions.

The first IGR was delivered in 2002 under then treasurer Peter Costello, and this year’s report will be the seventh.

Treasurer Jim Chalmers. Photograph: Lukas Coch/AAP
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