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