Now they've rolled out a policy to spend even more on providing housing to those at the bottom end of the scale.
The Federal Opposition has announced a new scheme that it says would mean 50,000 low to middle-income families get new housing and pay rent that is 20 per cent below the market rate.So what happens when these people's income increases? Do they get chucked out? Obviously they won't be so this is a one-time, here-and-now, populist 'solution'. What is a 'moderate' income anyway?
Labor housing spokeswoman Tanya Plibersek says $60,000 tax breaks will be available for big investors who agree to build new rental accommodation and then charge tenants the low rental rate.
The scheme would be carried out in conjunction with state governments, who would provide an extra $2,000 a year to the investors.
Ms Plibersek says the investors would have to agree to take tenants who can show that they have been paying more than 30 per cent of their household income on rent for the last year.
"It's low to moderate income people who are struggling to pay the rent," she said.
"What we know from superannuation companies and other large investors is that they'd love to invest in affordable rental accommodation in Australia, but at the moment, it's just not attractive enough for them.
"It's easier for some of our big superannuation companies to invest in affordable rentals overseas.
"At a time when the rental market's so tight, when people are struggling to find a home, it's just mad to have our big superannuation companies for example not able to invest in affordable rental in Australia."
This is another clear example of the Labor Party's dearth of understanding of basic economics. If the government provides funding for any particular goods or services then the price will go up. It's pretty simple. Government provides a first home owner's grant - prices up. Government provides private health insurance rebates - prices up.
Labor seems to think that it can keep the price of petrol, groceries, rent and child care down while introducing a climate change policy that calls for a CO2 reduction of something like 100% by next Wednesday and at the same time control inflation in a wages-growth market. Good luck with that. If Labor wins the next election then we'll be lucky not to have double digit interest rates within their first term.
Labor leader Kevin Rudd has an understanding of economics akin to Gough Whitlam and the temperament of Mark Latham. It's not a good combination.