It’s not the job of government to make citizens homeless

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Yet that is precisely what the Albanese Government has deliberately set about doing.

The policy shockers are extreme:

  • tearing down borders with 1.4bn Indians turned migrants;
  • crashing housing supply with runaway inflation and rate hikes;
  • doing nothing to invest in supply for many years to come.
  • crushloading all associated public services.

This has already spiked property and rental prices, smashed home builders, delivered a homelessness boom, inundated food banks, suicide prevention and support services.

Now, we can add legal:

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Up to two-thirds of renters seeking legal assistance for eviction notices, rental increases, bond disputes, and repairs are being turned away by overextended tenancy support services amid Vicotria’s housing and cost-of-living crisis. 

The leaders of community legal centres say the situation is the worst they’ve ever seen.

If the Albanese Government is sick, its mates, The Greens, are nauseating:

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The Greens say they will introduce an effective rent freeze across Brisbane by enacting massive land rates increases for any property investors who increase the rent.

The announcement on Monday will be a centrepiece of the Greens’ campaign for the Brisbane city council, a city where nearly four in 10 homes are occupied by renters.

Which will do what, exactly? It will drive a booming rental black market. People will pay to get shelter, whatever the cost. Plus, it will kill the supply response.

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Worse, The Greens are hellbent on boosting rental demand even further via much higher mass immigration.

I have seen some crazy politics in my time, but left-wing governments dedicating themselves to mass homelessness is as bad as it gets.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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