00:00Both parties fully acknowledge that we have a housing crisis, that it's becoming more
00:06and more difficult for young Australians to break into the market and so at this election
00:10both major parties have very different policies they're putting forward that they say will
00:14make it easier for first home buyers to get onto the property ladder.
00:19Now from the Labor perspective that's a pledge to build 100,000 homes, apartments specifically
00:25for first home buyers and also to make it easier for young Australians to save for a deposit
00:30by allowing them to basically get a mortgage with just a 5% by saving up just a 5% deposit.
00:36But what hasn't been talked about are policies that Labor has taken to previous elections
00:39and that is to curb negative gearing and capital gains tax.
00:43These are tax breaks that are seen to benefit property investors and at previous elections
00:48Labor has argued that they would change these tax breaks to level the playing field for first
00:53home buyers when they go to an auction with a property investor.
00:57But Prime Minister Anthony Albanese has been asked about this today and not only will this
01:01not be taken to this election, but the Prime Minister appears to be ruling out future changes
01:06to capital gains tax and to negative gearing too.
01:09Here's what he had to say.
01:11In 2022, as I've said today, there was a campaign run suggesting we were going to make changes.
01:20The proof's in the pudding. Proof is in what you do, not what you say you will do.
01:25The proof is we haven't made any changes. I think that the key when it comes to housing
01:30policy is supply. Supply, more supply and even more supply.
01:36Jane, the Prime Minister is in Tasmania now. What's he doing there?
01:41Well, just a few moments ago, he was actually on the barbecue cooking some snags for the
01:47Labor volunteers, Labor MPs and candidates who are at this barbecue. We're in the ultra
01:52marginal liberal held seat of Bass. But what's interesting about Tasmania is that there are
01:57three seats that are all marginal and tends to swing from one party to another at each election.
02:04So Labor's clearly hoping that, you know, this might be a seat that goes its way come next
02:08Saturday. But as voters start to really weigh up the options that are being put forward between
02:13the two parties, we're also seeing Anthony Albanese really sharpen the contrast between the offer
02:18that his government is putting on the table this election compared to that of the Dutton-led
02:23coalition. Let's take a listen to his analogy that he offered a little earlier.
02:27It's like one of those mystery tours that the airlines used to do in the 1980s, where you
02:33turn up at the airport, you buy a ticket, but you don't know where you're going.
02:37Well, I say to Australians on May 3, make sure you know where the destination is, because
02:45it is destination chaos and destination shambles and destination cuts from Peter Dutton, if he's
02:53successful, next Saturday.
02:55Well, here on the campaign trail, we often don't know where the destination is. However,
03:01we know that we started a day in Melbourne. The Prime Minister in the Labor-held seat of Chisholm
03:06announcing some funding for community language schools. As for our next stop, well, it's Destination
03:13and unknown.
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