Australian Prime Minister Scott Morrison announced a housing policy on Sunday (May 15) aimed at boosting home ownership and reducing high prices, as his government delayed the opposition Labor Party ahead of national elections.
Australians will vote for the government on Saturday, with a recent poll showing Morrison’s Liberal-National coalition on the verge of a labor strike, which will end nine years in the old government. Morrison’s Liberal Party officially launched its campaign in Brisbane on Sunday. Morrison explained the housing policy at the event with a final complaint to voters. “This will increase the chances of people shrinking, and increase the supply of family housing in the market,” Morrison said.
The policy aims to invest up to A $ 300,000
The policy aims to encourage older Australians to sell family property, Morrison said. It will enable those over the age of 55 to sell houses and invest up to A $ 300,000 (US $ 200,000) in a pension fund without the current amount. with concerns about cost of living, national security and climate change.
Morrison said the re-elected federal government would allow early homeowners to use the “responsible portion” of their pension funds to buy a home, calling it a “major change” for thousands of families. The launch of the campaign comes after Morrison was sworn in. On Saturday to be sympathetic if he wins the election again, after admitting he could be a “tractor” and promising to change.
Labor leader Anthony Albanese has backed the Australian housing program, describing it as “an immodest proclamation.” His party said if it wins the government it will spend A $ 1billion on improved production to improve jobs and diversify the country’s infrastructure.
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