Enough is never enough

July 1, 2026

The principal beneficiaries of rising residential property prices are the 16 per cent of Australians who own residential investment properties – the 12 per cent, 3 per cent, and 1 per cent outlined above – with the greatest windfall flowing to the top 1 per cent.

Cool analysis reveals that the real beneficiaries of the Opposition’s deceptive advocacy are the small minority of Australians who can afford to invest in residential property – with that benefit heavily skewed toward the wealthiest 1 per cent.

The Labor government’s recent budget should be seen as tentative but necessary step toward addressing a structural cause of the housing crisis and rebalancing the economy toward more productive and equitable investment.

Hopefully, Australians will realise that the near-hysterical response to tax changes by the opposition and its allied commentators which has been deemed newsworthy by much of the media are designed to benefit the privileged few at the expense of the majority.