Daily Stock Market Reports

What the readers thought of the election campaign


Housing affordability

In the final weeks of the campaign, both major parties revealed policies to help first home buyers enter the housing market. Central to Labor’s plan was for the government to contribute up to 40 per cent of the purchase price of a new home, while Prime Minister Scott Morrison announced first home buyers would be allowed to dip into their superannuation to buy a home.

On the Coalition’s plans…

Mike: “If this policy was a painting, it would have been painted by Monet. From a distance it looks great but when you get up close it’s a total mess. To access the 50k, you have to have about 120k in super. I’m a well-paid professional who studied into my mid 20s and my super balance didn’t get up around that balance until my late 30s. By which time I had saved the deposit for a house anyway, by virtue of my high income!”

Ghost of Hitch: “Once again the Prime Minister underestimates our young people. They will see through this act of desperation for what it is – an appalling policy that by design will push up house prices.”

barbara smith: “A brilliant idea, better than being tied up in the stock market for 40 years.”

zahn: “I’m self-employed and have NO super. Instead I invested surplus income into property. My money has performed WAY better than any super fund could dream of. Not a fan of Morrison at all but … this is not such a bad idea.”

On Labor’s policy…

Good Logic: “The plan has merit and is well targeted. The drawback is that it will tend to boost the price of houses further. An improvement would be to give a competitive advantage to first home buyers compared to investors so that house prices did not inflate further because of this action.”

Ax0r: “Terrible idea. This only increases the buying power of people trying to get into the market, which will increase demand and push prices up, not down.”

David: “It may tilt the playing field a little towards first home buyers, but at the same time it’s likely to make the long-term problem worse. Labor took better policies into the last election – better, because they actually addressed some of the root causes of housing inaffordability. Pity about LNP’s scare campaigns; more pity that they worked (not just on voters, but on Labor.”

Steve: “We need a bipartisan agreement to undertake major tax reform… eliminate the attractiveness of using multiple home ownership as an investment vehicle…”

Leader gaffes and missteps

Albanese found himself on the back foot early after failing to correctly answer a journalist’s question on the current unemployment rate. It sparked a series of potential ‘gotcha moments’. Meanwhile, in the final week, Morrison accidentally knocked over a student on the soccer field during a photo opportunity, only days after conceding he could be “a bit of a bulldozer”. Luca Fauvette, 7, was OK after the accident, telling the media the next day the Prime Minister “should have gotten a red card”.

The Whole Truth: “Unfortunately, this could be Albo’s equivalent to John Hewston’s ‘how much GST on a cake’ moment.”

Keith: “A mistake is a mistake. Ignorance is not a mistake, it’s laziness if you want to be PM. Especially if you had 3 years to study.”

dewpoint: “I’ll agree with John Howard on this one… So what? The ‘current unemployment’ rate is illusory. The trend is possibly of greater importance. File this one with the price of a litre of milk.”

CM: “I can’t understand how Albo and labor can’t communicate the sheer incompetence of the Morrison govt. but yet, here we are as Albo opens his mouth only to change feet.”

MrDooDah: “PRESS: Stop beating this up!!!!! It was NOT a shoulder charge nor was it a crash tackle, the PM simply tripped over and fell on top of the kid… Move on !!!!”

celestialteapot: “The kid and team were a good sport about it. It’ll be something funny and memorable for the kid to talk about when he’s older. What I’m more interested in is why politicians play sport with children in the first place (it seems to happen a lot), and why they do so wearing a suit and tie?”

Brave New World: “Independents holding the balance only leads to chaos if the PM in question refuses to negotiate or deal with them. There have been plenty of minority governments in Australia’s history (NSW currently has one) and they tend to be very successful with the minor parties/independents moderating the more extreme positions of the government…”

Magpi: “These independents wish to represent the aspirations and concerns of their communities. The fact that so many are contesting Liberal Party held seats is a matter that the current government should reflect on…”

BOD: “It is not the Teals that threaten the LNP. It is the policy-free lurch to the right within the party and the cruise control setting in a time of significant challenges.”

I tried to be a tiger mum but my kids didn’t let me: “I am really tired of hearing LNP relics saying a vote for Teal is a vote for Labour. Fact is Teals are disaffected Liberals and, if the crunch came in a hung Parliament I am sure they would swing right. Except on climate. Except on ICAC. On everything else. Just as voting yellow is a vote for Barnaby/Scomo.”

tb: “The problem with single policy independents is not that they ‘represent their community’ but the fact that they will sell their vote to the government in return for promised single policy favors. The difficulty for a minority government will be the need to negotiate with (read ‘pay off’) multiple vested interest groups. Every new policy of the government will turn into a mini referendum.”

Bridget84: “…As far as the Teals go, I find them to be totally disingenuous and arrogant. There story of who they are and why they’re running changes daily. The Teals have no detailed plan on achieving net Zero! They literally have no plan, and no detailed policies on renewables, it’s like the big elephant in the room that nobody seems to be noticing?…?

Katherine Deves

No candidate sparked as much discourse as Katherine Deves. The Liberal candidate for Warringah – selected by Morrison to run against independent MP Zali Steggall – and her (now deleted) tweets voicing controversial views on subjects such as transgender children made many headlines.

Warringah candidate Katherine Deves becomes emotional during an interview with the Herald.

Warringah candidate Katherine Deves becomes emotional during an interview with the Herald.Credit:Louie Douvis

The Nozzle: “Imagine the dark moments that young people have when they read of Ms Deves’ comments…”

Herman Ludge: “‘The overwhelming majority of Australians agree with my position…..’ I would respectfully submit to Ms. Deves that the overwhelming majority of Australians think there are many, many more important issues than transgender athletes in women’s sport, and that she is the one who is not reading the room…”

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Batlow: “If we’d allowed the local Warringah branch of the Liberal Party to preselect their candidate in the normal manner, following the rules of the Liberal Party, we could have avoided this entire controversy and sideshow.”

David Arthur: “I respect Katherine Deves’ right to speak her mind, it’s actually refreshing for some honest expression of opinion. That said, I also respect the Australian voters’ right to vote against her and the party that offers her as candidate.”

AP: “On May 22nd she will be a nobody again.”

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