Labor and Coalition Clash Over Housing and Tax Plans in Election Launches

Albanese unveils $10 billion housing initiative as Dutton counters with tax relief and mortgage deduction proposals.

Prime Minister Anthony Albanese announced a $10 billion plan to build 100,000 homes exclusively for first home buyers, alongside a 5% deposit guarantee for all first-time buyers.
The Coalition, led by Peter Dutton, proposed a one-off $1,200 tax offset for Australians earning up to $144,000, aimed at easing immediate cost-of-living pressures.
Dutton also introduced a policy allowing first-time buyers of new builds to deduct mortgage interest from taxable income for five years, offering up to $11,000 in annual savings for some families.
Labor's housing strategy includes partnerships with state governments to fast-track land releases and construction approvals, with homes expected to be available by 2028.
Both parties are vying for voter support by addressing housing affordability and economic challenges, emphasizing contrasting approaches of long-term structural reforms versus immediate financial relief.