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

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

Author: New Politics May 23, 2026 Duration: 20:57
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. #AUSPOL

Subscribe to New Politics for weekly briefings and full analysis: www.newpolitics.com.au  

Support New Politics:
Song listing:
  • ‘La Femme d’Argent’, AIR.

Eddy Jokovich and David Lewis host New Politics: Australian Politics, a podcast dedicated to cutting through the noise of the daily news cycle. Their conversations go beyond the headlines and parliamentary theatre, digging into the stories and power dynamics that often get sidelined. They focus on the issues that mainstream coverage tends to gloss over or ignore entirely, driven by a commitment to the kind of accountability many journalists shy away from. Each episode is built on thorough analysis and direct discussion, offering listeners a deeper understanding of the forces shaping the country. You’ll hear them dissect policy, political strategy, and the real-world consequences of decisions made in Canberra, all with a serious and critical eye. This isn’t about soundbites or partisan point-scoring; it’s about examining how power operates and who it serves. For anyone tired of superficial political reporting and looking for substantive commentary, this podcast provides a necessary and regular dose of clarity. Tune in for their unflinching take on Australian politics, where the conversation always aims to hold power to account.
Author: Language: English Episodes: 50

New Politics: Australian Politics, News, Analysis & Commentary
Podcast Episodes
The real Anthony Albanese: Power without purpose [not-audio_url] [/not-audio_url]

Duration: 24:26
With Labor holding a record 94 House of Representatives seats, Anthony Albanese has the power to pursue substantial reform – yet his government remains cautious, deferential to corporate interests and resistant to its ow…
The Indoctrination of Australia’s Classrooms [not-audio_url] [/not-audio_url]

Duration: 27:12
The Royal Commission on Antisemitism has expanded into a wider debate about Australian education, free speech and control of the national curriculum. Jillian Segal’s proposed antisemitism programs – from early childhood…
Reclaiming democracy for the people [not-audio_url] [/not-audio_url]

Duration: 22:15
Australian democracy isn’t broken, but political power is increasingly concentrated among wealthy donors, corporate lobbyists and party powerbrokers. From Anthony Albanese’s $10,000-a-head fundraiser to divisions within…
Jacinta Allan: Legacy, debt and the end of an era [not-audio_url] [/not-audio_url]

Duration: 28:36
Jacinta Allan’s resignation ends the Daniel Andrews era and leaves Victorian Labor confronting the political cost of its ambitious Big Build agenda. Despite the achievements on major infrastructure, housing and an Indige…
Burnham’s Britain: Renewal or more disappointment? [not-audio_url] [/not-audio_url]

Duration: 23:04
Andy Burnham’s arrival as British prime minister will test whether a modern Labour government can finally break with Thatcherism and neoliberalism by tackling the cost-of-living crisis, expanding social housing, rebuildi…
The Hanson Battler Myth [not-audio_url] [/not-audio_url]

Duration: 29:36
One Nation’s falling support is exposing the gap between Pauline Hanson’s media profile and electoral credibility. Her European roadshow offered culture-war attacks on multiculturalism, migration, transgender people and…
The price of speaking out: Art, Palestine and the MSO [not-audio_url] [/not-audio_url]

Duration: 19:26
The Federal Court might have ended pianist Jayson Gillham’s legal battle with the Melbourne Symphony Orchestra, but the controversy raises broader questions about artistic freedom, political censorship and Palestine advo…
The Royal Commission and silencing the critics of Israel [not-audio_url] [/not-audio_url]

Duration: 29:10
Australia’s Royal Commission into Antisemitism and Social Cohesion was created to confront genuine antisemitism, but is it instead silencing criticism of Israel and deepening division? We examine the uneven treatment of…
China’s missile launch and Australia’s panic merchants [not-audio_url] [/not-audio_url]

Duration: 19:22
China's latest missile test triggered familiar warnings of an escalating security crisis, but was the reaction driven more by geopolitics than by the launch itself? This episode examines Australia's response, the role of…
Labor’s power without purpose: Who does Labor govern for? [not-audio_url] [/not-audio_url]

Duration: 26:38
The NSW Labor Conference exposed a deeper question confronting Australian politics: what does the modern Labor Party actually stand for? As delegates debated gambling reform, housing affordability, civil liberties and Ga…