Labor's Empty Housing Promise

In Australia, the Labor government's housing policy is facing intense criticism, highlighted by a dispute over 340 homes designated as "social and affordable" housing. The controversy centers on whether these houses were newly constructed or simply purchased from the existing housing market. Critics argue that acquiring existing homes does little to alleviate the overall housing shortage and essentially transfers housing stock rather than increasing it. The government's "Housing Australia Future Fund" aims to build 30,000 social and affordable homes over five years, but faces accusations of insufficient scale and impact. Housing advocates emphasize the depth of the housing crisis, with hundreds of thousands of Australians facing homelessness or housing stress due to soaring rents and property prices. The article emphasizes that the core of the housing affordability crisis lies in the domination of the property market by powerful financial interests and private developers, who prioritize profit over social need. These market forces, it argues, perpetuate inequality and render government interventions like the Housing Australia Future Fund fundamentally inadequate. The debate over "built" versus "acquired" homes exposes the limitations of the policy and its failure to address the underlying drivers of the crisis, namely the capitalist system's inherent prioritization of profit over affordable housing for all. find the original article here: https://www.wsws.org/en/articles/2025/03/12/kenh-m12.html