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