Housing was a major talking point in the recent federal election, but talk is cheap

and the Albanese government have done little if anything to change the status quo. Simply put, there isn’t enough housing, and what’s available is ridiculously overpriced. What the Albanese government has offered is a chance for new home buyers to buy into a huge debt, not an affordable home! Although the government’s policies were more favourable than the Coalition’s (no surprise), they were pretty lame. For initiatives like the Help To Buy scheme for first-home buyers and the expanded Home Guarantee Scheme to succeed without driving up demand, they would need to be paired with a considerable reduction in tax incentives for investors.
References from: chief business correspondent Ian Verrender
https://www.abc.net.au/news/2025-05-13/why-soaring-property-prices-could-dampen-future-rate-cuts/105284238