Australian PM Albanese Secures Historic Second Term, Vows Housing Reform as Top Priority
Labor government wins clear mandate amid promises to cut student debt and tackle housing crisis
Prime Minister Anthony Albanese has declared housing reform as a top priority after securing a historic second term for his Labor government. Standing in the Prime Minister's courtyard in Canberra, Albanese emphasized that his government received a "very clear mandate" from Australian voters and pledged to push forward with ambitious housing initiatives previously blocked in Parliament.
Key Takeaways:
Labor won a majority government after campaigning on economic management and forward-looking policies
The 20% cut to student debt will be the first legislative item on the agenda
A federal Environmental Protection Agency remains a key objective for the second term
Speaking to reporters, Albanese promised to deliver a 20% cut in student debt as his first legislative action and took aim at both Coalition and Greens housing spokespeople who "won't be in the Parliament" after Saturday's election. He pointedly remarked, "I think part of the reason why they're not in the Parliament is that they held up public housing. They held up emergency housing for women and children escaping violence. They held up our build to rent scheme. They held up our help to buy scheme."
The Prime Minister delivered a clear message to the new Parliament: "We have a clear mandate to build more housing. The key is supply. The key is supply. Get out of the way and let the private sector build it."
During his press conference, Albanese thanked Australians "for the very clear mandate that they've given my government" and promised to continue the work of "building Australia's future." He highlighted his government's economic achievements in their first term, noting they had been successful in "getting inflation down, wages up, interest rates starting to fall, employment growing."
The election victory positions Labor to implement key policies that were previously stalled, including housing initiatives and environmental reforms. Major companies in the construction and real estate sectors are likely to benefit from the government's focus on increasing housing supply.
What housing solutions do you think would be most effective in addressing Australia's housing crisis? Share your thoughts below.
Got a News Tip?
Contact our editor via Proton Mail encrypted, X Direct Message, LinkedIn, or email. You can securely message him on Signal by using his username, Miko Santos.
More on Mencari
5 - Minute recap - for nighly bite-sized news around Australia and the world.
Podwires Daily - for providing news about audio trends and podcasts.
There’s a Glitch - updated tech news and scam and fraud trends
The Expert Interview - features expert interviews on current political and social issues in Australia and worldwide.
Viewpoint 360 - An analysis view based on evidence, produced in collaboration with 360Info
Mencari Banking - Get the latest banking news and financials across Australia and New Zealand
The Mencari readers receive journalism free of financial and political influence.
We set our own news agenda, which is always based on facts rather than billionaire ownership or political pressure.
Despite the financial challenges that our industry faces, we have decided to keep our reporting open to the public because we believe that everyone has the right to know the truth about the events that shape their world.
Thanks to the support of our readers, we can continue to provide free reporting. If you can, please choose to support Mencari.
It only takes a minute to help us investigate fearlessly and expose lies and wrongdoing to hold power accountable. Thanks!