{"id":37680,"date":"2026-02-28T21:44:04","date_gmt":"2026-02-28T10:44:04","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=37680"},"modified":"2026-02-28T21:44:04","modified_gmt":"2026-02-28T10:44:04","slug":"the-great-australian-dream-is-dead-thanks-to-labor","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2026\/02\/28\/the-great-australian-dream-is-dead-thanks-to-labor\/","title":{"rendered":"The Great Australian Dream is dead thanks to Labor"},"content":{"rendered":"\n<p>New data today from<a href=\"https:\/\/media.greens.org.au\/t\/y-l-atisty-dtdkhihdlr-y\/\">&nbsp;Domain&#8217;s First Home Buyer Report&nbsp;<\/a>shows affordable homes are out of reach for average first-home buyers in all Australian cities.<\/p>\n\n\n\n<p>The report finds that in the past five years, the cost of entry-level houses has increased by 68%, with units having risen by 30%, while wages have only increased by 21%.<\/p>\n\n\n\n<p>The Greens say Labor\u2019s policies are to blame &#8211; the 5% deposit scheme and tax breaks for wealthy property investors, such as the CGT discount &#8211; are fuelling investor demand, pushing house prices through the roof.<\/p>\n\n\n\n<p><strong> Greens spokesperson for finance, housing and homelessness Senator Barbara Pocock:<\/strong><\/p>\n\n\n\n<p>\u201cThe Great Australian dream of owning a home is dead thanks to Labor.<\/p>\n\n\n\n<p>\u201cUnder Labor, house prices only go one way \u2014 up, and first-home buyers don\u2019t stand a chance of getting into the market.<\/p>\n\n\n\n<p>\u201cLabor is the government of house price increases. Its 5% deposit scheme and tax breaks for property hoarders are fuelling investor demand.<\/p>\n\n\n\n<p>\u201cLabor has killed any chance of home ownership for younger people, unless they\u2019re lucky enough to win the generational lottery.<\/p>\n\n\n\n<p>\u201cLabor has turned the housing crisis into a game of Monopoly \u2014 and first-home buyers are losing out.<\/p>\n\n\n\n<p>\u201cWithout tackling the root causes of the housing crisis &#8211; which are the tax breaks for wealthy property hoarders and the lack of social and affordable housing &#8211; house prices will continue to spike, and banks will continue to rake in the profits.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New data today from&nbsp;Domain&#8217;s First Home Buyer Report&nbsp;shows affordable homes are out of reach for average first-home buyers in all Australian cities. The report finds that in the past five years, the cost of entry-level houses has increased by 68%, with units having risen by 30%, while wages have only increased by 21%. The Greens &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2026\/02\/28\/the-great-australian-dream-is-dead-thanks-to-labor\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Great Australian Dream is dead thanks to Labor&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-37680","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=37680"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37680\/revisions"}],"predecessor-version":[{"id":37681,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37680\/revisions\/37681"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=37680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=37680"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=37680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}