CLANCY OVERELL | Editor | Contact
The Federal Opposition has this week launched their new and extremely wordy slogan for 2025: Let’s Get Australia Back On Track.
After sitting on the sidelines doing nothing except half-heartedly campaigning against social justice initiatives and tax breaks for the poor, the Liberals are now ready to be taken seriously as a real contender in the upcoming election.
Aside from their wildly popular plan to spend close to a trillion dollars building nuclear power plants that won’t be operational until 2075, the Liberals have also got a plan to fix the housing crisis.
By revisiting their policy that would allow young people to raid up to $50k from their superannuation, and redirect what little retirement savings they have into the Australian property ponzi scheme.
It’s a policy they took to the generationally devastating 2022 election loss. However, much like nuclear power, the Liberals seem confident that the public sentiment has changed.
By Dutton’s logic, most young people only need to add $50k more to their home loan deposits to compete with the boomer investors and money laundering outfits that have the unlimited resources to snatch up the vast majority of auctions and listings that have entered the market over the last 20 years.
With the same tax loopholes in place, property investors would be stupid not to accrue as much land as they can, and make millions off the Australian media’s hysterical speculations on value. Worst case scenario they can just rent the dwellings to the working families who were born in the wrong generation.
However, Dutton remains certain that things will be different if every young person now has access to $50,000 more dollars, and that the multimillionaire property profiteers will be scared off by such a bump.
Dutton also appears confident that the surging Australian property prices will stay still long enough for young people to get into the market, and they definitely won’t just suddenly spike up another $500,000 – as first home buyers gain access to more borrowing power – which is what happens every couple years anyway.
This policy platform has been wholeheartedly endorsed by both Nine Newspapers and NewsCorp, who are mostly concerned about whether Domain and RealEstate .com can keep feasting off their own pounds of the flesh.
MORE TO COME.
