Big promises on housing were at the centre of both major parties’ announcements at the official federal election campaign launches on the weekend.
Among the highlights, Labor pledged to build 100,000 new homes and extend a government-guaranteed 5% deposit scheme to all first home buyers. The Coalition promised to make interest payments on the first A$650,000 of a mortgage tax-deductible for up to five years, for eligible first home buyers purchasing new builds.
