Mass migration, encouraged by the Albanese government, has created a housing crisis in Australia.
There are too many people, arriving too fast, swarming capital cities.
The answer is not to build slum-style high rises on every street corner. Bulldozing heritage to make way for Labor’s people Ponzi scheme is not fair to citizens.
Australia’s culture, social structure, job market, and quality of life have been decimated.
Young people are angry. The press has tried to coax them into blaming their Boomer parents (well, grandparents). Older generations worked hard, made sacrifices, and obeyed all the rules … this means they ruined the country for young people.
Which isn’t true.
The resulting wedge of resentment pushed between generations by a panicking government is, frankly, an insult.
Everything was chuffing along just fine until politicians decided to perform a bit of witchery with the Budget, using brute migration numbers to grow the economy without the slightest consideration for actual human beings.
Bigger pie. Bigger economy. Pretty spreadsheets. Never mind the breadline.
Instead of sending over 100,000 visa overstayers home, cutting off the supply tap to the overburdened housing market, and giving everyone a few years to calm down, Labor drew on its socialist influences and made things worse.
How about … increasing demand by encouraging young people to take on millions of dollars of debt they can’t service? Great idea. Throw them all onto the property market with other young people who are just about to go house hunting with a carefully saved 20 per cent deposit. What could go wrong?
Everything.
MSM reported, House prices up $100,000 overnight.
‘Just two days after it was implemented, Labor’s signature first home buyers’ scheme has been blasted for driving house prices up practically overnight. The scheme came into effect on Wednesday, allowing first home buyers to purchase a property with a five per cent deposit, as opposed to the usual 20 per cent.’
Even if it is not true across the board yet, it probably will be. Imagine saving for a decade only for a government policy to shove you out of the price bracket with an I’m here to help! grin.
Worse, when housing prices go up, rents aren’t far behind.
Here’s what 5% deposits for all first home buyers will do. pic.twitter.com/baf65UAyI9
— Anthony Albanese (@AlboMP) October 4, 2025
Essentially, instead of a brave parent helping their kids out, the government has gone guarantor on 15 per cent of the loan.
Inviting the government to help buy your house is probably one of the worst ideas in Australian history.
Even leftwing Senators and MPs think Labor is mad.
And they’re right. This reckless policy will encourage people to take out loans they can’t afford in the middle of a financial crisis while making the housing market more expensive for the people who could have serviced a loan … but can’t now thanks to the rapid price hike.
Senator Pocock said, ‘These are predatory prices. They’re not being driven by demand, they’re driven by speculation. This is further proof that this government is working for wealthy property investors and banks, not first home buyers.’
If Albanese and his government wanted to help young people, they would have lowered demand by deporting all the people who are not supposed to be squatting in the housing market. Followed by an extended migration pause, people would naturally leave and vacate the space needed by Australians to start families.
Instead of importing a population and displacing citizens, Australia would have a chance to breathe.
Albanese can say this was an election promise, but it was hidden beneath wiping large chunks off student loans, so it is hard to determine if anyone truly voted for this.
Labor detailed their policy on April 13 with a joint statement by Anthony Albanese and Clare O’Neil, the Minister for Housing and Homelessness.
The economic illiteracy of their proposal was left mostly untouched by the public broadcaster. Labor escaped a grilling about the obvious consequences of making young Australians the guinea pigs of Big Statism offering a helping hand which feels more like a slap on the arse.
Originally Labor modelled their policy as driving house prices up only 0.5 per cent within a six-year time frame which Albanese described as ‘a slight increase in prices’ and having ‘minimal impact on prices’.
Which sounds a bit like Chris Bowen’s shifty energy bill promise.
In the real world, Australians have to borrow significantly more money and they are being encouraged to do so when they probably can’t afford it. Worse, the taxpayer is the guarantor, not Labor. They can (and probably will) bow out of office leaving a mess for someone else to clean up.
I have a really bad feeling this will end up making the Keating years look like Netflix-and-chill.
In short, Labor has no idea how markets work.
No idea what it’s policies will do in the real world.
And no idea how to fix the collapsing economy.
Not to mention what happens when these homebuyers default on the mortgage in a scenario with crashing property prices.
Economists have warned that Labor is at risk of creating this government-guaranteed-bubble. These homeowners are an interest rate rise away from disaster.
And it’s all so sad, because young people are desperate to own a home. The last thing they need is this ill-advised policy.
Killing you with kindness, yes, that sounds like a good slogan for Labor.
The information provided is not financial advice. It is purely policy speculation.
