Post

Final hearing of the housing inquiry & the results are in - the big 4 banks are big winners in the housing crisis while renters & 1st home buyers lose out. The big 4 made over $30bn in net profit in the last financial year, from mortgages, while many struggle to make repayments.

Barbara Pocock

@barbarapocock.bsky.social

3 Sept

At the same time, rent is outpacing wage growth, with many more people renting today than 30 years ago because it takes much longer to save for a deposit.

Barbara Pocock

@barbarapocock.bsky.social

The housing system we have, created by successive Labor and coalition governments, was deliberately designed to benefit corporate greed, the banks, property developers and investors, not ordinary people simply trying to get by.

3/9/26, 6:33 am3 reposts24 likes

Barbara Pocock

@barbarapocock.bsky.social

3 Sept

Tax changes alone were never going to cut it. Labor needs to take on corporate greed in the housing market by taxing big corporations, build more public homes like Australia used to, and end grandfathering for wealthy property investors.