The Great Australian Dream is dead thanks to Labor
The Great Australian Dream is dead thanks to Labor | Australian Greens Skip to main content Search Get Involved Join Donate Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Media releases Take action Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement About the Greens Become a member Jobs Green Magazine All news Get Involved Join Donate Search Our plan Toggle Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Toggle Federal MPs State/territory MPs Officeholders Media releases Take action Toggle Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement Toggle About the Greens Become a member Jobs Green Magazine All news The Great Australian Dream is dead thanks to Labor 2026-02-26 New data today from Domain's First Home Buyer Report 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 say Labor’s policies are to blame - the 5% deposit scheme and tax breaks for wealthy property investors, such as the CGT discount - are fuelling investor demand, pushing house prices through the roof.
Lines attributable to Greens spokesperson for finance, housing and homelessness Senator Barbara Pocock: “The Great Australian dream of owning a home is dead thanks to Labor. “Under Labor, house prices only go one way — up, and first-home buyers don’t stand a chance of getting into the market. “Labor is the government of house price increases.
Its 5% deposit scheme and tax breaks for property hoarders are fuelling investor demand. “Labor has killed any chance of home ownership for younger people, unless they’re lucky enough to win the generational lottery. “Labor has turned the housing crisis into a game of Monopoly — and first-home buyers are losing out.
“Without tackling the root causes of the housing crisis - which are the tax breaks for wealthy property hoarders and the lack of social and affordable housing - house prices will continue to spike, and banks will continue to rake in the profits.” MEDIA CONTACT: Charlotta Lomas – 0466339862 Facebook for the Australian Greens YouTube for the Australian Greens X for the Australian Greens Instagram for the Australian Greens Bluesky for the Australian Greens Privacy Members website Your safety Contact us Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action In your language 2025 policy platform Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Federal portfolios Federal media releases Take action Volunteer Donate Issues & campaigns Upcoming events Greens Shop Leave a bequest Green Magazine All news Our movement About the Greens Become a member Jobs Members website State/territory parties Contact us The Greens acknowledge the Traditional Owners of country throughout Australia and recognise their continuing connection to land, waters and culture.
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