(Reuters) – Australian Prime Minister Scott Morrison introduced a housing policy on Sunday aimed toward boosting house possession and lowering costs, as his authorities lags the opposition Labor Party days earlier than a normal election.
Australians will vote for a authorities on Saturday, with current polls displaying Morrison’s Liberal-National coalition on observe to lose to centre-left Labor.
A win by Labor, led by Anthony Albanese, would finish 9 years of conservative authorities in Australia.
Morrison’s Liberal Party will formally launch its marketing campaign in Brisbane on Sunday, with Morrison anticipated to element the policy on the occasion in a last-ditch attraction to voters.
“I want to help more and more young families right across Australia to move into their own home and support their aspiration,” Morrison stated in a press release on Sunday.
The policy goals to encourage older Australians to promote the household property, the assertion stated. It would allow these aged over 55 to promote a house and make investments as much as A$300,000 ($200,000) in a superannuation fund outdoors present caps.
The policy is an effort to place downward strain on excessive home costs in an election marketing campaign that has been dominated by cost-of-living considerations, nationwide safety and local weather change.
Labor’s Albanese stated on Sunday he backed the housing initiative, describing it as a “modest announcement”.
“This suggestion by the government is a practical one and we’ll support it,” he informed ABC tv.
The announcement comes after Morrison promised on Saturday to be extra empathetic if he wins re-election after conceding he could possibly be a “bulldozer” and promising to alter.
(Reporting by Samuel McKeith in Sydney; Editing by William Mallard)
Australia PM, trailing in election polls, announces housing policy & More Latest News Update
Australia PM, trailing in election polls, announces housing policy & More Live News
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Australia PM, trailing in election polls, announces housing policy & More News Today
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