this post was submitted on 26 Oct 2026
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Australian Politics

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[–] NigelFrobisher@aussie.zone 3 points 10 hours ago* (last edited 10 hours ago)

And not having a climate habitable for humans would cost infinite dollars, dickheads, as there would be no-one to spend or receive money.

[–] blind3rdeye@aussie.zone 2 points 12 hours ago

Can't save anything by cutting climate funding. It is by far the most important issue facing the world. Even if 'cost of living' is consider the biggest problem, climate change raising insurance costs is very expensive to everyone, and that's just one of the many indirect problems we're facing.

And thing is, a lot of spending for climate related stuff has direct benefits even aside from the climate problems - such as improving energy security, improving air quality and health; and in some cases even creating direct financial profits even aside from all the physical benefits.

So yeah, cutting climate funding is a losing strategy. No one should vote for a party that wants to do that.

[–] ziltoid101@lemmy.world 6 points 1 day ago

And how much more would it cost for all the climate-related disasters we would face?

[–] pulsewidth@lemmy.world 23 points 2 days ago

Everytime the LNP say shit like this we should just raise taxes on the wealthy by $31b.

[–] MalReynolds@piefed.social 11 points 2 days ago

Every time the 'Coalition says' Australia pays. Not good economic managers, objectively bad (except for their mates)

It's not a household budget you dicks, governments should do good for society.

[–] Zagorath@aussie.zone 17 points 2 days ago (1 children)

Jfc read the room Liberals.

[–] No1@aussie.zone 2 points 12 hours ago

At this stage, I'm surprised they didn't add in that we need to increase the cost of living

[–] Gorgritch_umie_killa@aussie.zone 3 points 2 days ago (1 children)

Abandoning Labor's first homebuyer scheme Help to Buy, its social housing fund, its tax incentives for build-to-rent developers and its payments to states that meet housing supply targets would save a combined $4.7 billion.

Build-to-rent developers is corporates getting into the rental game isn't it? I know that people say mum and dad investors are disorganised and shabby, but asking an entity you have no bargaining power against, and the government is at risk of lobby pressure from is not the answer. So, i actually think getting rid of those subsidies might be good for more reasons than a budget saving.

Labor has likely made a foolish mistake in exposing under-represented and low leverage (in power terms), renters to the uncompromising domination of a rental-corp.


The first homebuyer scheme is harder, but if prices are able to be wound back, and lower wages able to increase I see good reason for first homebuyers grants to be removed at appropriate stages. When the market reflects the conditions before they were introduced.

Reducing this support will likely deflate house prices a little, so the timing of changes like this would need to be considered carefully, since we have so much of our national wealth tied to our bloody houses.

I don't trust that the Liberals have the finesse to pull that off. Instead they'll set a timeline, pretend its the right time, and pull the cord as early as they can. Probably smoke a cigar on the patio after screwing over young Australia yet again.


Liberals can sit on it and rotate its their messiah's (ol'big brows Howard's) fault social housing is now absolutely necessary.


Payments to States I have no idea whether its a good policy or not. Seems effective. States always want cash, and I've seen the effects in my own area.

I don't know whether its good or not though. Its very top-down, and right up in communities backyards. I'm worried Labor is ruffling too many feathers across too broad a swathe of communities with this one. But I have no more than anecdotal evidence to back that idea up. So I don't know, maybe Liberals might make hay with this cut.

[–] Zagorath@aussie.zone 1 points 1 day ago (1 children)

Build-to-rent developers is corporates getting into the rental game isn’t it?

Yes. I believe it's actually the norm in some other countries, such as America. I'm ambivalent about it, to be honest. More big corporates getting involved could have upsides, like a greater degree of professionalism and potentially being more responsive to serious issues than bad individual landlords. Many individual landlords will blatantly break the law not out of malice, but just sheer incompetence. And because they're a relatively small target, the chances they face legal repercussions are minimal. A larger landlord with hundreds of tenants has a much larger legal risk if they do it on purpose (at least in theory—before regulatory capture sets in), and will have procedures in place to avoid it

But it could have very serious downsides, like never being as good as a good individual landlord who chooses to allow something they don't actually have to, and creating a more oligopolistic market that gives the landlords more power in the wider market than they currently do. It also means they have more political power to change the laws than they currently do, in theory (there's an argument for precisely the reverse: that policies that help landlords are an easy sell to the voting public when the landlords are mum-and-pop shops as policies that help people's "retirement nest eggs", whereas when it's a corporation it's harder to convince the public)

Ultimately, to me who owns the property matters much less than what the law says they can do with it. If it's impossible to evict a tenant who isn't causing damage without a really good reason (a legitimate need of serious repairs—which occurred for reasons that couldn't have been avoided by doing regular routine maintenance), the landlord or an immediate family member moving back in (with serious fines for not actually moving back in long-term after this reason is used), if the tenant is able to make minor reversible modifications like hanging up paintings or painting the walls, if they are required to be able to pay through reasonable convenient fee-less means, if they are protected from obscene rent hikes, and if retaliation against a tenant who tries to enforce their rights is penalised harshly, it doesn't matter much to me whether my landlord is Joe Blow or Apartments Incorporated.

to the uncompromising domination of a rental-corp

True, but for the reasons partly stated above this may not always make things worse. Plus, many if not most individual landlords go through a realtor anyway, who does most of the actual work. Does the rental-corp owning the building vs managing it on behalf of an individual actually make that difference? Maybe. Maybe not.

Reducing this support will likely deflate house prices a little, so the timing of changes like this would need to be considered carefully

I honestly reject the notion that policies that "deflate house prices a little" need to be "considered carefully". Deflating houseprices should be seen as a good in and of itself. That said, I think it should be done by way of reducing incentive to invest in housing, not reduce incentive for someone to own their own home. The end goal is making it more affordable for people to live. That means house prices and rent need to go down. For that, demand needs to be reduced without reducing the buying power of people who don't already own a home.

But regardless, voters aren't going to look at the nitty-gritty details. They'll see this headline and see "the Liberals want to make it harder to own a home". That can never be a vote winner. Nor can continued climate denial. Their base already votes for them on that account, but the vast majority of Australians accept the reality of climate change. The Liberals just need to keep climate change as far away from being a political issue as possible if they want to avoid losing potential votes.

[–] Gorgritch_umie_killa@aussie.zone 1 points 19 hours ago

Unfortunately we can't allow house prices to deflate too much, the nation's private wealth and private debt are too closely tied to housing. The more we let house prices fall, the less spending capacity mortgage holders have; the harder it is for owners to satisfy the debts already borrowed.

This is because when housing deflates a certain percentage of borrowers, usually relatively new borrowers who have borrowed 'at the top of the market' find they are paying off a debt that is larger than the current sales value of the asset they're laying off.

In itself this isn't too bad, but it increases the risk of mortgage default. Housing deflation often goes along with a wider economic downturn. If mortgage holders no longer have a job things get serious with the house they're trying to pay off quickly. It is also a psychologically painful position for mortgage holders to be in, and decreases their confidence in the economy, do that at a mass scale and we can get ouslrselves the economic downturn that actually loses jobs. Humans run on sentiment, their feelings about something.

A market is all about sentiment. If we cause a situation where house prices are seen to be too expensive, therefore must fall, then we've created the pin for the housing bubble and just used it. Having all the effects I've explained and others.

I have no doubt that housing is actually a bubble, but we can deflate the bubble by carefully lowering prices and increasing wages to meet at a more sustainable position in a decade or two, or we can pop the bubble now and scar the economic lives of two generations of Australians who had to, and were allowed to by government and banks, borrow far in excess of what their wages should have ever allowed.


I'm a millenial, so far my generation has done nothing of note, I see a reason for this, the economic jack boot of the high cost (monetary and non-monetary) of participation in Australian life that previous generations have built along the way for themselves has suppressed the potential and dynamism of every generation from the millenials on.

I see few avenues for younger Australians to build anything of note on their own without institutional help. This is a problem because its like adverts on lemmy it would alter the purpose of the network. A young person opening a café on their own, compared with investor assistance would be two different shops.

If we were to deflate the housing bubble by quickly reducing house prices this would destroy the financial wealth millenials, and increasing amounts of younger, have been able to gain. Further decreasing the likelihood of that generation/s doing anything of note, bar surviving.

So housing comes down to agency of individuals to act without domination, by government or private interests, in a liberal democracy. Howard, et al, increased the domination of younger generations by government and private interests. This has killed the dynamism across multiple generations that makes a liberal democracy a more viable form of national organisation than many others. And housing is the emblematic example of this problem we've caused ourselves.

[–] pHr34kY@lemmy.world 3 points 2 days ago* (last edited 2 days ago)

This doesn't even make sense. It's not 2028 yet and there is no federal election. Taxes aren't a negotiation point.