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On housing, experts have raised some concerns on the impact both major parties’ policies will have to demand in the market, while not adequately addressing supply.
Labor has said their policy, to open up their 5% deposits for all first home buyers (up to a certain price) won’t have a “substantial” impact on the market.
On our advice, we’re not expecting there to be a substantial impact on demand or on prices…
It’s very unusual in Australia to see that outcome [defaults]. Secondly, we know from the existing program that there has been an absolutely minuscule amount of defaults on these debts. So we are extremely confident that this is a very responsible way to get more first-home buyers into the market.
Labor helping with the cost of living, higher wages, lower taxes, making our economy more resilient amidst all of this global economic volatility, versus Peter Dutton and the coalition, who are all about lower wages, higher taxes, no ongoing help with the cost of living, and these secret cuts to pay for their nuclear reactors.
There’s been more tax reform in the first term than I think people have acknowledged. And the tax reform that we proposed yesterday is important for all the reasons I’ve talked about – a simpler system, more cost-of-living relief going hand in hand with our tax cuts for every taxpayer.
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Source link : https://www.theguardian.com/australia-news/live/2025/apr/14/australia-federal-election-2025-live-anthony-albanese-peter-dutton-housing-tax-cost-of-living-labor-coalition-greens-ntwnfb
Author : Krishani Dhanji
Publish date : 2025-04-13 21:19:00
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