Labor accused of fuelling a 'whole new housing crisis'
Former foreign minister Alexander Downer says Labor’s tax hikes will result in a housing market slump. “You’re reducing the incentive to invest in housing so you’re seeing a decline in investment,” Mr Downer told Sky News host Chris Kenny. “So, if there’s less investment in housing, then house prices will start to fall … you’ll get fewer houses built. “Gradually over time, they’re creating a whole new housing crisis.”
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