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The electoral opportunity in our housing affordability crisis

By David James

As the federal election looms, there is an extraordinary silence about an issue that has profoundly distorted Australian society, dividing older and younger generations. That issue is outrageously high property prices.

The major political parties have for the last two decades half heartedly proposed failed policies, such as first-home buyers grants. But there has been no serious attempt to address the underlying causes.

Should a political party or movement decide to get serious about doing something it would be able to exploit what is arguably the biggest electoral opportunity in a century.

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"Why has Australia been transformed from a relatively balanced economy to a $10.4 trillion property casino in which younger people are priced out of the housing market? The principal culprit is Australian banks, who have relentlessly fuelled the bubble."
David James

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