Albanese and Dutton pitching to the housing crisis

The billions being doled out by both major parties to tackle the housing crisis will likely get voters talking, but will it work?

Transcript

00:00The Coalition's mortgage tax deduction scheme is really just another first home buyer grant.

00:07As such, it's more likely to drive house prices higher than make them more affordable.

00:12Same goes for Labor's 5% deposit scheme, also for first home buyers.

00:17Combined with the five rate cuts the market is now predicting, house prices will probably

00:21take off this year and housing affordability will be more of a crisis next year than it

00:28is now.

00:29Actually, both major parties really have some quite decent long term housing policies.

00:34The Coalition has $5 billion for infrastructure, 400,000 extra apprentices and an ambitious

00:41cut in migration.

00:43Labor's new plan is for $10 billion in grants and interest free loans to state government

00:49developers to subsidise 100,000 homes for first home buyers.

00:53And that's on top of the $10 billion Housing Australia Future Fund subsidies for social

00:58and affordable housing.

00:59But these brand cakes both have big, differently coloured cherries on top to try to get voters

01:05to eat theirs instead of the other one.

01:07And the cherries for first home buyers will offset the benefits of the brand.

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01:14teams also.

01:15To adapt your eco- Streets would not only also be a hydrogenous coin .

01:17It is Only Holas – Taken