Morrison to ramp up warnings over home values as Labor seeks to neutralise PM's policy shift auspol | CroweDM
Prime Minister Scott Morrison will intensify warnings of a hit to property prices from a Labor election victory, after launching a $500 million scheme to help people buy their first home – a policy swiftly copied by Labor.
Another contingent liability, worth $1.2 billion, sets aside funds for a freight link in Perth that has been rejected by the state Labor government. “The choice between a government that knows how to manage money, has returned the budget to surplus and will now pay down debt. The centrepiece of the Coalition campaign launch, called the First Home Loan Deposit Scheme, would be available from January 1 for those who have saved at least 5 per cent of the value of the home.
The scheme will be capped at 10,000 loans a year and will be subject to limits on the value of the properties, with the corporation setting benchmarks for regional markets and for locations such as Sydney and Melbourne.
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