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Open Access CC BY-NC-ND V4.0
Journal article
An Australian Labor Party for the future (fund): the politics of financialisation in the housing Australia Future Fund
Australian Journal of Political Science
2026
Appears in Open Access via Read & Publish Agreements
Abstract
The Albanese Labor Government proposed the Housing Australia Future Fund (HAFF) as a centrepiece of its housing policy before the 2022 election. The HAFF funds social and affordable housing through the returns of an off-budget fund invested in global financial markets. This paper analyses the 2023 political debate around the HAFF. It uses the HAFF as a case study to examine the politics of financialised policymaking, investigating the political arguments made for financialised policies and the hegemony projects they represent. It is theoretically and methodologically framed by historical materialist policy analysis (HMPA), which calls for analysing policies in terms of the competing hegemony projects involved in their construction and contestation. I argue that Albanese Labor sees governing through financial markets as a central way to solve policy problems, and that this should give pause to celebrations of the return of social democracy in Australia after the 2025 election.
Details
- Title
- An Australian Labor Party for the future (fund): the politics of financialisation in the housing Australia Future Fund
- Authors/Creators
- Jacob Broom - Murdoch University, School of Humanities, Arts and Social Sciences
- Publication Details
- Australian Journal of Political Science
- Publisher
- Informa UK Limited, trading as Taylor & Francis Group
- Number of pages
- 20
- Identifiers
- 991005881854607891
- Copyright
- © 2026 The Author(s).
- Murdoch Affiliation
- School of Humanities, Arts and Social Sciences; Indo-Pacific Research Centre
- Resource Type
- Journal article
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- Citation topics
- 6 Social Sciences
- 6.27 Political Science
- 6.27.601 EU Governance
- Web Of Science research areas
- Political Science
- ESI research areas
- Social Sciences, general