Can these new election promises solve Australia's housing crisis?

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We explore the pivotal real estate and property policies shaping the current federal election landscape. With housing affordability and availability taking centre stage, this video delves into the significant proposals put forth by both major political parties, aiming to address the nationwide housing crisis.

We break down the Labor government's ambitious plan, which pledges a $10 billion investment to construct up to 100,000 new homes specifically for first-time buyers. Discover how Labor plans to collaborate with state developers and the construction industry, leveraging government-owned vacant or underutilized land to fast-track developments and provide crucial housing supply.

We'll also examine the Coalition's proposal, the "First Home Buyer Mortgage Deductibility Scheme," which seeks to make it easier for first-time homebuyers by allowing them to claim tax deductions on mortgage interest payments for newly built properties. This initiative aims to stimulate the construction of new homes, offering deductions on interest for loans up to $650,000, targeting individuals and joint applicants within specific income brackets.

With both parties promising transformative measures to boost homebuilding, this video takes a critical look at their implications for the future of real estate and property in the country. Will these strategies be the catalyst needed to meet the ambitious goal of constructing 1.2 million new homes over five years? The decision lies with voters this election season.

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