The continuing Budget fallout: A political war over housing and wealth

The debate surrounding Australia’s 2026 Budget has rapidly evolved into a broader political battle over housing affordability, negative gearing, wealth inequality and the future direction of the Australian economy. In this episode, we examine how Labor’s housing reforms have triggered an aggressive backlash from the Liberal Party, conservative media and vested property interests, with warnings about attacks on “aspiration”, investment and wealth creation increasingly crashing into the reality facing millennials and Gen Z Australians locked out of home ownership. We explore whether the media-driven outrage over the Albanese government’s reforms reflects genuine public concern or a deeper attempt to protect a decades-old economic model built on property speculation, tax concessions and rising inequality, and ask whether Australia’s political and economic consensus is beginning to unravel. #AUSPOLSubscribe to New Politics for weekly briefings and full analysis: www.newpolitics.com.au   Support New Politics:Patreon: https://www.patreon.com/newpoliticsSubstack: https://newpolitics.substack.comSong listing:‘La Femme d’Argent’, AIR.