Labor’s property shake-up is going exactly to plan

The Albanese government wanted to turn down the temperature on Australia’s housing market and help young people get a foot on the property ladder. But just months after Labor’s property tax shake-up, home values are crashing, investors are running scared, and taxpayers are underwriting billions of dollars of debt. So, was this all part of the plan? The Australian’s political editor Geoff Chambers is here. Read more about this story at theaustralian.com.au and see the video by subscribing to our YouTube channel. Sydney and Melbourne lead property slump as investor confidence collapses High earners flood first-home buyer scheme after Labor axes income caps ‘Two years to sell or face 10 years’ jail’: One Nation housing plan update clarifies non-permanent residents Commentary by Geoff Chambers: Labor plays roulette with fragile housing market This episode of The Front is presented and produced by Kristen Amiet with assistance from Lia Tsamoglou, and edited by Tiffany Dimmack. Our regular host is Claire Harvey and our team includes Joshua Burton and Jasper Leak, who also composed our music. See omnystudio.com/listener for privacy information.