The Daily Aus The housing pitch for young voters
8 snips
Apr 14, 2025 With the federal election approaching, first-time home buyers are a hot topic. Labor proposes cutting home deposits from 20% to just 5%, while the Coalition introduces tax-deductible mortgage repayments. The podcast dives into these contrasting strategies, exploring their implications for young Australians facing rising living costs. It also discusses proposed tax reliefs that could ease financial burdens, such as work-related expense deductions. Tune in to understand how these policies shape the future of home ownership for the younger generation!
AI Snips
Chapters
Transcript
Episode notes
Election Focus: First-Time Home Buyers
- First-time home buyers are a major focus for both the Labor and Coalition parties in the 2025 Australian federal election.
- This focus reflects the increasing difficulty young people face in entering the housing market.
Labor's Housing Policy: Smaller Deposits
- Labor's housing policy focuses on expanding the Home Guarantee Scheme, allowing first-time buyers to purchase homes with a 5% deposit.
- The government would cover the remaining 15% typically required to avoid lender's mortgage insurance.
Coalition's Housing Policy: Tax Deductions
- The Coalition proposes allowing first-home buyers to deduct mortgage interest repayments from their taxable income.
- This policy aims to reduce the ongoing financial burden of mortgage repayments.