Coalition criticises Labor’s housing policy because government could profit from property price rises

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Coalition criticises Labor’s housing policy because government could profit from property price rises
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Scott Morrison argues Labor is ‘looking to make money out of this’ as Anthony Albanese pledges to cut cost of some mortgages by up to $380,000

which would give eligible applicants a commonwealth equity contribution of up to 40% of the purchase price of a new home, and up to 30% for an existing home.

The prime minister, Scott Morrison, said on Sunday that Labor was “looking to make money out of this”. “We are expanding our first homeowner guarantee to 50,000 places per annum, versus a Labor policy that is of 10,000,” the finance minister said on Sunday.

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