Page Research Centre on the implications of a second Albanese government.
Sunday, 11 May 2025
Buckle up.
Labor’s next three years are going to slam Aussie wallets—and hard.
Houses, cars, energy, all expected to surge in price. Uncontrolled immigration straining the system.
Here’s what’s coming, and why life is about to get more expensive.
ONE: House prices will keep surging.
Labor plans to introduce a new tax on unrealised capital gain. While this might sound like it only hits the wealthy, in reality, it’s going to punch everyday Australians in the gut—especially anyone trying to buy their first home.
Here’s why: Labor wants to tax “paper gains” inside super—even if you haven’t sold a thing. To dodge the risk of massive tax bills, retirees will pull their money from super and shove it into the family home. That’s extra demand without added supply. A recipe for disaster.
The AFR estimates up to $155 billion could flood into the housing market. That’s a tidal wave of cash, chasing too few homes in an already broken market. Prices will surge. More young Aussies locked out. And the dream of homeownership? Fast slipping away.
TWO: Your next car will cost thousands more.
Labor’s new “vehicle efficiency standard” is a backdoor ute tax. It’s a slap in the face to families, tradies, and small businesses—especially those outside the inner city. From July 1, cars that don’t meet Labor’s strict emissions targets will be slapped with penalties.
That means $9,700 extra for a Toyota RAV4. $14,400 more for a Ford Ranger.
And that’s not just for luxury models. It’s for everyday workhorses. Even hybrids get slugged. If you drive long distances, tow gear, or live in the bush—tough luck. Labor’s tax punishes you for not buying an EV… even though EVs are still unaffordable, impractical, and useless for half the country.
THREE: Power bills will keep climbing.
Labor promised cheaper energy. Instead, bills are soaring—and they’re not done yet. Why? Because they’ve bet everything on wind, solar, and batteries—without considering reliability or cost.
A renewables-heavy grid will cost up to $332 billion to build. That’s nearly double the cost of a mixed grid—including nuclear—and it still leaves us vulnerable to blackouts and price spikes when the weather turns.
It’s fantasy economics.
Electricity bills have already jumped 60% in real terms over the past decade. That’s an extra $3,400 per year ripped out of the average household budget. Labor’s energy plan? It’s more pain, with no end in sight.
FOUR: The immigration floodgates are still open.
Labor says it’ll reduce migration. But after letting in nearly 1 million people in just two years, do they really expect us to believe them?
They’ve lost control—not in boats, but in numbers.
The result? You’re living it. Soaring rents and house prices. Gridlocked roads. Stretched hospitals. More people, no new infrastructure—and no plan to fix it.
Labor’s mass migration binge is overwhelming the system. This isn’t nation-building. It’s a squeeze. Big business loves it. Universities profit. But Aussies are getting crushed.
Labor hasn't been able to fix it. They opened the taps wider.
If that’s their track record, why will the next three years be any different?
THE BOTTOM LINE:
Labor might think they have a mandate. But their policy implications are clear:
- Higher house prices
- Dearer cars
- Rising power bills
These next three years will test Australians.
But bad policy isn’t destiny—it’s a choice.
And choices can be reversed.
The sooner we push back, the sooner we fix this.