The simple reason why politicians can't be trusted to manage Australia's housing crisis

Politicians cannot be trusted to fix Australia's housing crisis because most of them boast multiple properties and benefit from rising prices, an industry veteran has claimed. Mr Yardney said population growth arguably plays a bigger role in determining market prices than do tax policies like negative gearing for rental income losses and the 50 per cent capital gains tax discount. Prime Minister Anthony Albanese in October bought a $4.3million clifftop house at Copacabana on the NSW Central Coast which he will share with fiancée Jodie Haydon Michael Yardney, who founded Metropole real estate in 1979, pointed out that fact so many MPs were property investors meant they had a vested interest in prices climbing Every cabinet minister owns at least one home, a check of pecuniary interest records show. Opposition Leader Peter Dutton owns a farm at Dayboro in Brisbane's north, along with two investment properties in Brisbane's city centre The first-term Labor member for Parramatta in Sydney's west, Andrew Charlton, earlier this year bought a $12million mansion at Palm Beach called 'La Palma' Communications Minister Michelle Rowland owns five properties, including three through an investment trust. Sophie Scamps, the teal member for Mackellar on Sydney's northern beaches who previously worked as a doctor, owns five properties, including a house at beachside Avalon, a farm at Wee Jasper in southern NSW, an investment property at Terrey Hills, another investment property in north-west Tasmania and an investment home at Woollongabba in Brisbane.