> ## Content Index
> Fetch the complete content index at: https://goodoil.news/llms.txt
> Use this file to discover other available public pages before exploring further.

# Will They Call It ‘Koalabuild’?
- URL: https://goodoil.news/will-they-call-it-koalabuild/
- Published: 2022-10-27T01:30:00.000Z
- Updated: 2022-10-26T05:46:58.000Z
- Author: Cam Slater
- Tags: AUS Politics, NZ Politics, Politics, #wp, #wp-post, #Import 2024-07-16 22:48

The socialist left are not exactly renowned for their original thinking, nor for learning from history. So, with **Jacinda Ardern**’s Kiwibuild [a dismal failure](https://thebfd.co.nz/2021/07/02/act-congratulates-government-on-kiwibuild-milestone/?ref=goodoil.news), **Anthony Albanese** says, “Hold my shandy!”

> Look anywhere in Australia and you’ll see a housing market under intense pressure.  
>  
> It makes the federal government’s goal of a million homes under a new Housing Accord sound like welcome relief.

“Welcome relief” would be not importing nearly a quarter of a million foreigners who are all going to compete for the already-scarce housing, driving up prices and cutting availability even further.

But I digress.

Ardern only promised 100,000 new houses in ten years. Albo’s, let’s call it “KoalaBuild”, is going ten times bigger and better: **one million new houses**.

![Dr Evil GIF](https://media2.giphy.com/media/BZlNhp9L5WINi/giphy.gif)

ONE MILLION!

Sort of. Eventually. Maybe.

> Even the budget documents call the 1 million dwellings an “aspirational” target, with the federal government itself only locked in for an extra 10,000 homes (and it won’t start until mid-2024).  
>  
> They’ll spend $350 million over five years to do that, with the states and territories on the hook to support up to 10,000 more — that takes us to 20,000 under the deal.

So… $350m to build 10,000 houses. Now, I know Treasurer **Jim “Zippy” Chalmers** ain’t no economist (he’s a Poli Sci grad), in fact, neither is anyone with a financial portfolio in the Albanese government, and neither am I. I can still count, though.

> $35,000 per dwelling. Does this sound even remotely feasible to anyone? It’s roughly 1/10 of the [average build cost in Australia](https://www.realestate.com.au/advice/how-much-does-it-cost-to-build-a-house/?ref=goodoil.news).

Show me a government that can do something 90% cheaper than anyone else and I’ll show you my magic dragon.

Because they’re not talking about kerosene-tin shacks in the back o’ Bourke.

> We know the homes under the accord will have to be new, have at least 7-star energy efficiency and be “well located” — that’s near shops, transport, schools and other key infrastructure.

And where is the money coming from? **Working people’s retirement savings.**

> Ok, so how *could* we get to 1 million homes?  
>  
> That’s where private-sector stakeholders come in, mainly superannuation funds looking for investments, that would build other homes.

So, when the whole scheme goes tits-up, just like Kiwibuild, it’s retirement-age working people who are going to carry the can.

> But the five-year rollout clock doesn’t start ticking until mid-2024, so why are we waiting almost two years to start it?  
>  
> [ABC Australia](https://www.abc.net.au/news/2022-10-25/federal-budget-million-affordable-home-rental-target-explained/101575038?ref=goodoil.news)

So the Zippy’n’Albo show can roll out a few display homes right before the next election, cut a few ribbons, and try and pretend they’re “getting on with the job”.

And by the time it’s obvious to even an ABC viewer that the whole scheme is a disastrous failure, the clowns responsible will be out of office and sitting on their nice, fat pensions in their harbourside mansions and renovated inner-city terraces. Just as **Julia Gillard** isn’t around to be held accountable for the money-eating monster that is her NDIS.

Tell me this isn’t a Labor government operation.

[If You Like What You Just Read,Click Here to Become a Member and Directly Support This Author.](https://thebfd.co.nz/subscription-plans/?ref=104)

[If you enjoyed this article please share it using the share buttons at the top or bottom of the article.](#)