Our plan to support first home buyers

The Liberal and Nationals Government believes that all Australians should be able to aspire to own their own home. For most individuals and families, their home is the largest and most important asset they will own. We understand that home owners work hard, and make sacrifices, in order to pay their mortgage.

And we understand that Mum and Dad investors have worked hard and made sacrifices to build their nest egg, which also provides more rental accommodation options for Australians.

Australians are buying a house later in life and first home buyers are having to save a bigger deposit than their parents did.

When you work hard, save and invest for the future, the Liberal and Nationals Government believes you should be supported.

We want to support Australians to realise their aspirations for home ownership, and protect the value of their home.

That’s why the Liberal and Nationals Government is backing first home buyers, home owners and Mum and Dad property investors.

We will support Australians in buying their first home.

We will support Australians’ choices on home ownership and investment.

We will ensure that home owners and Mum and Dad property investors’ assets are protected.

We will, by keeping our economy strong, continue to achieve record jobs growth that will enable more Australians to save for a home and pay their mortgage.

We will support more investment in the housing market to provide more affordable options for renters.

We will not undermine the value of Australians’ homes or investment properties.

We will not hit Australian residents with new taxes on housing. Guaranteed.

We will not put our economy and jobs at risk by introducing policies that weaken the housing market.

Home ownership helps with the cost of living, including in retirement. While housing prices have been coming down in some cities, we understand it is still a challenge for people who want to buy their first home.

Our policies respect your circumstances, whether you are a first home buyer, a home owner or a Mum and Dad investor.

On the other hand, Labor wants to crash the housing market with their reckless taxes. If elected, Labor will pit one Australian against another.

Their devastating housing tax is a $32 billion tax grab that will hit all Australians.

If you own your own home it will be worth less and if you rent you will pay more.

Experts have estimated that Labor’s housing tax would result in house prices falling by as much as 16 per cent and rents going up as much as 22 per cent.

With the housing market already moderating now is the worst possible time to introduce a new tax on housing. Research by the Master Builders Association shows it would be an $11.8 billion hit to our economy and lead to 32,000 fewer full time jobs.

Labor’s housing tax would end negative gearing as we know it and increase the capital gains tax rate by 50 per cent, making it one of the highest rates in the world.

The Liberal and Nationals Government’s plan for a strong economy and record job growth will protect the value of Australians’ homes and help first home buyers get into the market.

/National Party's Public Release. This material from the originating organization/author(s) may be of a point-in-time nature, edited for clarity, style and length. The views and opinions expressed are those of the author(s).View in full here.