Share and Follow

Housing affordability is a red-hot election issue with both leaders making promises to help young people buy a home.
On Saturday, a being held by prime minister Anthony Albanese, to draw attention to immigration and its impact on housing affordability and medical services.
“What about the fact that people like us can’t get any housing? We can’t get rentals anymore,” he yelled before being escorted out.

Later that day, opposition leader Peter Dutton repeated the message that he wanted to be the “prime minister for home ownership, home affordability and home accessibility”.

What is the Coalition promising on housing?

During his budget-in-reply speech, Dutton pointed to several initiatives intended to improve housing affordability.

  • Cut the permanent migration program by 25 per cent;
  • Stricter caps on foreign students;
  • $5 billion to fund essential infrastructure; and
  • Allow first home buyers to access up to $50,000 of their superannuation for a home deposit.
A man holds a pole as he is pushed back by another man.

A heckler interrupted Anthony Albanese’s press conference on Saturday. Source: AAP / Lukas Coch

Dutton says his plan to cut the migration program will release around 100,000 homes for Australians — 40,000 in the first year.

The opposition leader has so far not revealed what categories of migrants he will cut, but has said this would be revealed before election day.
They have pointed out that allowing first home buyers to use their super for a home deposit — although Dutton has argued it would help people get a foot on the housing ladder.

There is also scepticism whether Coalition’s $5 billion in infrastructure spending will achieve its target of creating 500,000 new homes.

The money will mostly be made available to local governments to help but its success may depend on whether the money is provided via grants, which are likely to be taken up, or by concessional loans.
Labor has called the figures “fanciful” and believes the funding would see 70,000 homes would be built at best.
Dutton has also promised to ban foreign investors and temporary residents from purchasing existing Australian homes for a period of two years.
Labor has matched this pledge, introducing it in February this year.

Labor’s $10 billion Housing Australia Future Fund, which Dutton says has not built a single new home, will also face the axe if the Coalition is elected.

What is Labor promising on housing?

Labor has defended its housing fund, which aims to build 20,000 new social housing properties over five years from 2024. It has blamed the Greens and Coalition for delays in getting the legislation passed.
“If legislation is passed in December 2024 then yeah magically there’s not a huge housing build,” Albanese said.
He said tens of thousands of homes were under construction.

“The previous government didn’t even bother to have a housing minister, let alone to build any public housing.”

Profile photo of Anthony Albanese speaking

Anthony Albanese has defended his government’s housing record. Source: AAP / Lukas Coch

The government says it will also build 20,000 new affordable homes through its National Housing Accord.

In its budget, Labor allocated $33 billion to address housing affordability.
This includes , a shared equity program for first home buyers that sees the government contribute up to 40 per cent of the purchase price.
The scheme supports 40,000 people, and there are price caps of up to $1.3 million in NSW, $950,000 in Victoria and $1 million in Queensland and ACT.
The government will also try to make building faster and cheaper by providing $50 million to boost the development of construction methods.
Share and Follow
You May Also Like
A Sydney community is calling for the end of a local soccer club because of continued brawls and abuse.Today the Banksia Tigers didn't want to answer any questions and when 9News arrived, they called the police.

Sydney Residents Demand Closure of Local Soccer Club Following Fights and Abuse Incidents

A Sydney community is calling for the end of a local soccer…
Footy presenter who claims she's 'too sexy' for broadcasters accuses TV star of misleading her before late-night phone call that ended his relationship

Soccer Presenter Believes Her Attractiveness Is an Issue for Networks, Accuses TV Personality of Deception Leading to Breakup After Late-Night Call

Former NRL presenter Tiffany Salmond has accused footy reporter Jake Duke of…
Mornington Peninsula locals have lost a six-year fight to stop the development of a fast-food restaurant just metres away from the foreshore.

Residents Unsuccessful in Battle Against McDonald’s Opening in Seaside Community

Mornington Peninsula locals have lost a six-year fight to stop the development…
Emergency services respond after multiple people were stabbed at a Walmart in Traverse City.

Several Individuals Injured in Stabbing Incident at US Walmart; Suspect Apprehended

At least 11 people were stabbed at a Walmart in Traverse City…
They're at the heart of health care and part of an $8 billion election pledge but the most comprehensive report card on whether your family will see a GP for free has been revealed.

Nationwide Surge in Bulk Billing GP Clinics Forecasted

They’re at the heart of health care and part of an $8…
FILE - An Israeli soldier stands beside humanitarian aid packages awaiting pickup on the Palestinian side of the Kerem Shalom crossing in the Gaza Strip, Thursday, July 24, 2025, during a media tour organized by the Israeli army. (AP Photo/Ohad Zwigenberg, file)

Israel’s Military Plans Aid Airdrops as Gaza Faces Rising Hunger

Israel’s military announced that airdrops of aid would begin on Saturday night…

What’s Behind Western Australia’s Rental Crisis?

Elizabeth Wright parks her ute beneath the shade of a tree at…

Four Australians Now Subject to Hong Kong Arrest Warrants and Bounties

Four Australian residents are now facing overseas arrest warrants issued by Hong…