Anthony Albanese will promise a A$10 billion scheme to facilitate the building of up to 100,000 homes that would be earmarked for sale to first home buyers.
To be unveiled at Labor’s formal campaign launch in Perth on Sunday, the proposal would also give all first home buyers access to a federal government guarantee for a 5% deposit.
At present this guarantee is provided only on a means tested basis, up to an income level of $120,000 for singles and $160,000 for couples.
