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How housing made rich Australians 50% richer, leaving renters and the young behind – and how to fix it

9 January 2023

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Tweet How housing made rich Australians 50% richer, leaving renters and the young behind – and how to fix it Shutterstock Brendan Coates, Grattan Institute and Joey Moloney, Grattan Institute Compared to the rest of the world...

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Gretta Muller✳️ @gretta_muller ·

15 Feb

@MFWitches @Dom_Perrottet @nswpolice The bar to be retained as a Minister in our government bodies appears to be far too low! The actions of some ministers are highly questionable! These people should be the pillars of decency and respect! These people should be role models! Time to demand accountability!

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Adrian Elton @thesurrealmccoy ·

15 Feb

@MFWitches @Dom_Perrottet @nswpolice Such a spectacularly grievous transgression and crime. Who cares if he apologised. He needs to face profoundly serious and immediate consequence!

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Sydney Times @sydneytimes ·

9 Feb

💸 WIN $200 💸 – Sydney Times https://www.sydneytimes.net.au/%f0%9f%92%b8-win-200-%f0%9f%92%b8/ via @SydneyTimes

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Mike Carlton @mikecarlton01 ·

9 Feb

Good. Piss off. You’re no loss, quite the opposite. https://www.abc.net.au/news/2023-02-09/alan-tudge-expected-quit-politics-josh-frydenberg-comeback/101951614

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Aaron Smith @aaronsmith333 ·

9 Feb

Alan Tudge to resign today, triggering a by-election in Aston, with rumours Frydenberg will contest.

It's my opinion that Alan Tudge should've lost pre-selection before the last election, and a 11.5% swing against him supports that.

Could a strong Independent beat Josh, again?

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Hugh Riminton @hughriminton ·

9 Feb

Former senior Coalition Minister Christopher Pyne pays tribute to #AlanTudge, but “Obviously the #Robodebt issue was a tricky one.” He says it will be “tough for the Liberal party to hold” the seat of #Aston #auspol

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Viktor @chutzpahx ·

9 Feb

Alan Tudge
2 down 2 to go! WE WANT THE QUADRELLA!

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Chris Minns @chrisminnsmp ·

8 Feb

I just finished my first debate with Dominic Perrottet.

One thing was clear, his only plan for the future is more privatisation.

NSW faces a clear choice: more privatisation under the Liberals, no more under Labor.

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4 days ago

FIRST 100 DAY PLAN TO KEEP NSW MOVING FORWARDA re-elected Liberal and Nationals Government will immediately deliver on a range of key priorities in the first 100 days of government to support families through uncertain economic times and keep NSW moving forward.Premier Dominic Perrottet said a re-elected Liberal and Nationals Government would not waste a minute putting its plan for NSW into action.“My number one priority will be to continue to provide families the support they need, including slashing $250 off every household power bill and cutting the weekly Opal cap by 20 per cent,” Mr Perrottet said.“I will also charge my team with getting straight to work delivering expanded health services at pharmacies, expanding our First Home Buyer Choice policy, and with setting up the Kids Future Fund accounts.“We will continue to drive the major infrastructure projects that are transforming our state, including kicking off the first stage of work on the new Western Sydney Metro lines which will connect our city like never before.“With uncertain economic times ahead, only the Liberal and Nationals long-term economic plan will keep NSW moving and provide certainty and security to families across the state.”Deputy Premier and Minister for Regional NSW Paul Toole said the NSW Liberal and Nationals plan would tackle cost of living pressures now and lay the foundations for a brighter future for families and businesses long-term.“Our plan puts people first, prioritising help with household bills now and rolling out landmark reforms that create opportunities for the future – from help studying for your first career to buying your first home.”Key Priorities for the first 100 days:Open expressions of interest for our NSW Kids Future Fund on Service NSW, and work with TCorp to finalise the design of the account.Make the $250 energy bill rebate available for all households that undertake a comparison of their current energy deal.Direct Transport for NSW to reduce the Opal cap by 20 per cent, effective 1 May.Introduce and pass legislation in Parliament to: ... See MoreSee Less

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4 days ago

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4 days ago

NSW LIBERALS & TREASURER KEAN MUST RETRACT COSTINGS MISREPRESENTATIONSNSW Labor today calls on the Liberal Party to formally withdraw their misinformation that grossly misrepresented Labor’s budget costings. This is on top of Treasurer Matt Kean admitting yesterday that he made multiple bogus claims about Labor’s election promises. A further media report has confirmed that the Liberal Party has separately been told to issue a correction and to withdraw all the misleading statements they made online and in social media. They are so far refusing to despite the request from the PBO.Labor today calls on Matt Kean and the Liberal Party to immediately stop their war with the PBO, and to be candid with the people of NSW about why they want to take the state $3 billion further into debt.Quotes attributable to Daniel Mookhey, NSW Shadow Treasurer:“Matt Kean and the Liberal Party have been called out for waging a desperate campaign of mistruths and misinformation worthy of Donald Trump. They should issue a correction today and apologise to the community for their misinformation.“It is clear that Matt Kean and the Liberals have overstepped the mark, and shows that after 12 years the only thing this government has left to peddle is fear.” ... See MoreSee Less

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Sydney Times

1 week ago

THREAT OF PRIVATISATION AS LIBS’ COSTINGS EXPOSES MORE DEBT AND UNCOSTED PROJECTS The threat of further privatisation under the NSW Liberals has reached a new flashpoint with the release of the party’s costings revealing more debt and uncosted projects. Debt to rise under the LiberalsThe NSW Budget will be $4.9 billion better off with a NSW Labor Government, according to an independent comparison of both parties’ costings released today.Meanwhile, the Liberals will increase debt by $2.8 billion over the forward estimates.Over the same period, Labor’s surpluses are $1.3 billion above the Liberals’.Unfunded projects under the Liberals Extraordinarily, there is no new money in the Liberals’ costings for the construction of the two metro projects it promised.Nor is there money for Warragamba Dam wall raising.And the Northern Beaches Link also remains unfunded.Today’s Budget Impact Statements gives overwhelming proof that the Perrottet-Kean government is not interested in budget discipline, won’t be able to deliver their unfunded promises or find any way other than privatisation to fill their $50 billion budget black hole.Every household and small business in our state knows that there are tougher economic conditions ahead: interest rates keep jumping higher, cost of living essentials are more expensive, frontline services are not keeping up.That means paying off the highest debt ever racked up by Dominic Perrottet; no more bailouts for Mr Perrottet’s foreign-made transport projects running overtime; and ending the economic vandalism of privatisation in NSW once and for all.It means we can invest in essential workers, frontline services and schools and hospitals without selling off essential assets like Sydney Water.Quotes attributable to Chris Minns, NSW Labor Leader:“Under Labor, debt will be down, deficits will be down, interest payments will be down and budget surpluses will be up.”“In five days’ time, NSW can make a change, and choose a unified NSW Labor that represents a fresh start.” ... See MoreSee Less

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1 week ago

INVESTING IN THE FUTURE OF NSW KIDSEvery child in NSW will gain a financial head-start under a life-changing Liberal and Nationals plan to futureproof the finances of generations to come, giving them the best start to life.This is the most significant financial security investment in NSW history.Under a re-elected Liberal and Nationals Government, every child in NSW aged 10 and under in 2023 - and continuing each year with every newborn child - will be eligible for a Kids Future Fund account, which will receive a $400 starting payment from the Government. Parents will be able to contribute to the fund each year, with payments matched by the Government up to $400 per year, with interest also earned over time.Once the child turns 18 they will be able to withdraw from their fund – which could be worth between $28,000 and $49,000 per child – for either education and housing so they can begin to secure their own financial future.Premier Dominic Perrottet said this landmark initiative is the first of its kind in Australia and will help provide financial security to an entire generation.“This investment will change the lives of millions of children in NSW forever, Mr Perrottet."It will give generations to come the financial foundation for their entire life.“By making small investments over time, we will be able to grow the wealth of our children so they can secure their financial future through education and housing.” ... See MoreSee Less

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Category - Sydney Houses

How housing made rich Australians 50% richer, leaving renters and the young behind – and how to fix it

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