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Political Commentary

Melbourne Housing Crash affects the Budget

#AusPol #Budget #Housing

It appears that the Melbourne housing price crash has left a huge hole in the Victorian State Budget. While the natural response for a Labor government is to increase taxes, I am concerned that they didn’t foresee this issue.

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References

Housing fall blows $5.2bn hole in Victorian budget

https://www.theaustralian.com.au/nation/politics/housing-fall-blows-52bn-hole-in-victorian-budget/news-story/b3f8bedafa7ad255572e1c3f859a9751