💨 Abstract

In the upcoming Australian federal election, both major parties have proposed housing policies to aid first-time homebuyers. The Labor Party plans to provide AUD 10 billion in grants and loans to build 100,000 new homes over eight years, allowing for a 5% deposit, while the Liberal Party aims to reduce demand by banning foreign investors and temporary residents from buying existing homes for two years and reducing immigration and foreign student numbers.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖