Why Albanese won't solve the housing crisis
Oct 8, 2025 •
The government says it wants to make it easier for Australians to buy a home. Its latest expansion of the five per cent deposit scheme means almost anyone, regardless of income, can now buy a home with a fraction of the usual savings required for a deposit.
It is the boldest version yet of a policy first introduced under the Morrison government.
But behind the promise of affordability is a political calculation: there are far more votes to be won from rising house values than from cheaper homes.
Today, leading economist Saul Eslake on Labor’s home-buyer scheme, why similar policies have failed in the past, and what it would really take to fix the housing crisis.
If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.
Why Albanese won't solve the housing crisis
1685 • Oct 8, 2025
Why Albanese won't solve the housing crisis
The government says it wants to make it easier for Australians to buy a home. Its latest expansion of the five per cent deposit scheme means almost anyone, regardless of income, can now buy a home with a fraction of the usual savings required for a deposit.
It is the boldest version yet of a policy first introduced under the Morrison government.
But behind the promise of affordability is a political calculation: there are far more votes to be won from rising house values than from cheaper homes.
Today, leading economist Saul Eslake on Labor’s home-buyer scheme, why similar policies have failed in the past, and what it would really take to fix the housing crisis.
If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.
Guest: Economist Saul Eslake
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