Rudd’s $500m subsidy for speculators

Karl FitzgeraldCommentaryLeave a Comment

Today’s big announcement promoted by the Rudd government: The $512 million Housing Affordability Fund, promised before the last election, is expected to help 50,000 new home buyers in the next five years. “What I am signalling loud and clear is that we want to tackle the housing affordability crisis for Australian families which has gotten out of control, and we … Read More

Lobbyists linked to Developers

Karl FitzgeraldCommentaryLeave a Comment

Today’s important Age article by Royce Millar; Political Donations Linked to Developers, Contractors dissects how those in property or infrastructure dominate Victorian Labor’s cosy Progressive Business fundraising arm. They also dominate the political donations made to political parties. The returns are staggering. The percentage return on donations for Victorian Govt contracts: Leighton – 301% return ABN Amro – 684% return … Read More