Opposition leader yesterday said he wanted to see ‘sustainable’ growth in house prices across the market. Follow today’s news live
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Battle of housing supply: who’s building more?
Both parties have said they’re the ones doing more on housing supply, while experts and economists have said neither is doing enough to address the supply versus demand issue.
What we’re doing is dealing with supply as well as demand. The Coalition’s plan will push up prices. Our plan will ensure that more homes are built. And what we’ve seen under my government is 28,000 of those social housing through the housing Australia Future Fund are either under construction or under planning.
We have $5bn, which works with councils to release 500,000 blocks of land. We cut migration by 25%…
If you’ve got a house that you’ve just bought and you’ve got a $500,000 mortgage and your house goes down by $100,000 under Labor, and your mortgage is worth more than the house itself, then that’s not a good situation for you.
We want sustainable growth. If you’re buying a house today, if you can find one – and if you can afford one under this government – you don’t want to wake up in two years’ time and find that the value of that house has gone down.
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Source link : https://www.theguardian.com/australia-news/live/2025/apr/15/australia-election-2025-live-anthony-albanese-peter-dutton-coalition-labor-poll-housing-interest-rates-rba-taylor-chalmers-ntwnfb
Author : Krishani Dhanji
Publish date : 2025-04-14 22:42:00
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