Why is it so hard for everyone to have a house in Australia?
6 Articles
6 Articles
Battle for the Australian Dream: Key Takeaways From the 2nd Treasurers’ Debate
In their second debate, Treasurer Jim Chalmers and his counterpart Angus Taylor sparred over housing, tax cuts, and energy. It follows a weekend of housing policy announcements tied to tax cuts. At the Liberal Party campaign launch in Sydney on April 13, Opposition Leader Peter Dutton’s announced a Coalition government would allow first home buyers of newly built homes to deduct their mortgage interest payments (up to $650,000) from their taxabl…
Why is it so hard for everyone to have a house in Australia?
Bilalnol/ShutterstockHome ownership in Australia was once regarded as proof of success in life. However, it remains elusive for many people today. Prices have soared beyond wage growth, rents keep rising, and even some well-intentioned government initiatives, including those announced by Labor and the Coalition at their election campaign launches on the weekend, risk driving up demand. What’s gone wrong? The Grattan Institute says increasing hou…
House prices will skyrocket by $159k if buyers pull super, expert warns
Labor and the Coalition unveiled sweeping policies over the weekend aimed at tackling the housing crisis in Australia, and young first homebuyers are firmly in each party's sights.Peter Dutton's pitch to voters is all about maximising borrowing power with a push to let Australians draw from their superannuation accounts, while Anthony Albanese's housing scheme focused on deposit sizes.Each plan is all about helping young people achieve the dream…
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