Australia election 2025 live: Dutton says he will help his children with a home deposit ‘at some stage’; PM ‘stands by’ Canadian cafe over Vegemite ban
The opposition leader says the Coalition won’t ‘shy away’ from nuclear. Follow today’s news liveGet our breaking news email, free app or daily news podcastBattle 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. So, no, we don’t want house prices to plummet.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. Continue reading...
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The opposition leader says the Coalition won’t ‘shy away’ from nuclear. Follow today’s news live
- Get our breaking news email, free app or daily news podcast
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. So, no, we don’t want house prices to plummet.
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. Continue reading...
