Labor’s ‘Big Australia’ is locked and loaded

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Last week saw Australia’s housing minister, Clare O’Neil, launch a propaganda campaign to distract voters from Labor’s housing failures.

First, O’Neil tweeted that Labor that “for the first time in a decade, new homes are being built faster”, and that Labor is making homes more affordable by building more of them.

Clare O'Neil Tweet
O’Neil’s propaganda came as the cost to purchase or rent a home relative to incomes has never been higher.

Her comments also followed the collapse in dwelling completions reported by the Australian Bureau of Statistics (ABS).

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.