History doesn’t repeat but it sure does rhyme. At Labor’s weekend conference, leader Bill Shorten announced a $6.6 billion package to facilitate 250,000 ‘affordable’ rental dwellings over the next decade. From The ABC:
Under the 10-year, $6.6-billion scheme, investors who build new properties would get a subsidy of $8,500 a year, on the condition they keep the rent at 20 per cent below market rates.
