- Australia has become “a nation that can no longer house its own children”, the Australian Labor Party’s Chris Bowen has warned, with soaring home prices cutting young people out of the market and a generation facing a crisis in affordability.
Bowen says the growing wealth of the super-rich one per cent – and the relative decline in middle-class incomes – has caused the surging popularity of nativist parties like the Nick Xenophon Team and Pauline Hanson’s One Nation, Donald Trump in the United States and the success of the “Brexit” campaign.
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