RBA confirms housing catastrophe

The Reserve Bank Governor has given a brutal assessment of Labor’s housing catastrophe at Senate Estimates. Cotality’s analysis found that Labor's 5% deposit scheme helped push up first home prices by 1.2% in the month of October alone. The Bank confirmed that Labor’s housing target of 1.2 million new homes is dead in the water following a collapse in house construction under this Government. Labor is making Australia’s housing crisis worse. They have failed on supply, and are using risky and dangerous policies to paper over their cracks. They’re killing the Australian dream.