Labor’s treasury spokesman, Chris Bowen, has issued a blunt warning today about the sordid state of Australia’s housing market, claiming that we have become “a nation that can no longer house its own children” and calling for negative gearing to be abolished in a major speech to be delivered to the McKell Institute today. From The Canberra Times:
Mr Bowen will argue that, in 2016, “Menzies’ forgotten people [ie, the middle class] are more forgotten than ever before” – a pointed reference to falling national income on a per-person basis and largely stagnant real incomes for the last decade.
