>>508679285
>It’s worth noting that the rates of home ownership are distorted somewhat higher by the impact of lower levels of household formation. (https://avidcom.substack.com/p/australias-ghost-households)
>When the metric is shifted to outright home ownership, the picture worsens significantly further (pic)
Studies show that in both the U.K and Australia, there is a strong relationship between home ownership and the likelihood of voting for a conservative party.
>Yet despite this rather obvious fact being illustrated in election exit polls and academic research on the subject, the Coalition has continued to pursue a strategy of higher housing prices and lower wage growth despite the damage that it does to their own electoral demographic destiny.
>While the Coalition’s rival is ostensibly the Labor Party, the greatest enemy the Liberal Party in particular faces arguably comes from within.
>These include MP’s and influential figures who believe that somehow the party is immune to the electoral demographic forces that played a major role in more than halving the party’s lower house ranks in the 12 years since the election of the Abbott government.
>Ultimately, it’s up to Sussan Ley and the leadership of the Coalition more broadly to decide whether or not they want to continue down the path of electoral demographic suicide, as it continues to back policies that are at odds with securing the support they need to return to power without relying on Labor to make major mistakes.
2/2