Albanese lied about CGT and negative gearing, now he's telling lies about the upcoming changes to the aged and disabled pension.
They have said, if they win another term, your house will be included in the means test to access the pension. House valued over $500,000, you won't get a red cent in pension. This is internal Labor talk. This is their plan.
Go on. Give them another term. I'm sure they're to be trusted.
Jim Chalmers and Anthony Albanese have instructed treasury to model the savings of applying the family home to the means test to access the pension.
Jim and Albanese hate the fact older Aussies live in a house with a backyard.
If your home is valued over $500,000, you will be refused a full pension.
Heartless stuff from Labor. The worst mob this country has had.
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Labor is now being invited to do what every older Australian was told would never happen: drag the family home into the pension means test.
The proposal being pushed would exclude only the first $500,000 of owner-occupied home equity, then count the value above that against the Age Pension. In plain English, the home older Australians worked their whole lives to pay off would no longer be treated as protected. It would become a balance-sheet asset for Canberra to measure, taper and punish.
That is a direct attack on the Australian retirement bargain. Work hard, pay tax, buy a modest home, maintain it for decades, then reach retirement and be told you are too “wealthy” for the full pension because land values exploded around you through no fault of your own.
In Melbourne, Sydney, Brisbane and even ordinary regional towns, $500,000 is not luxury. It is not harbourfront wealth. It is not some millionaire loophole. It is the new floor created by years of inflation, population pressure, planning failure and government policy that blew up house prices while wages were left behind.
The family home should be off limits. Once Canberra starts counting the roof over your head as pension wealth, the next step is obvious: smaller pension, forced debt, reverse mortgage pressure, estate recovery and older Australians pushed to borrow against the home they already paid for.
Jim Chalmers and Anthony Albanese need to rule this out completely, not hide behind “modelling,” “fairness” and “intergenerational equity.” Pensioners are not the enemy. Older Australians with a backyard are not a budget problem. They are people who paid into this country for decades and deserve security, not another Labor raid dressed up as reform.
Labor already taxes your income, your fuel, your super, your savings, your investments and your death through every indirect charge it can find. Now the political class is eyeing the family home because it cannot control its own spending.
Hands off the home.
@Barnaby_Joyce@Barnaby_Joyce HELP!!! THE GOVERNMENT IS GOING TO TAKE SENIOR CITIZENS HOMES OVER 65 COME JULY THIS YEAR INCLUDING MY MUMS, I LIVE WITH HER TOO https://t.co/I0m921t0rQ
@PaulineHansonOz@PaulineHansonOz HELP!!! THE GOVERNMENT IS GOING TO TAKE OUR SENIOR CITIZENS HOMES INCLUDING MY MUMS WHICH I LIVE IN COME JULY THIS YEAR 2026 https://t.co/I0m921t0rQ
@realDonaldTrump@realDonaldTrump HELP The Australian government is coming for peoples houses over the age of 65 from July this year under the housing reform act https://t.co/I0m921t0rQ