Australian Labor Party’s Campaign Focus on Housing Affordability

Australian Labor Party’s Campaign Focus on Housing Affordability
A prospective buyer attends an auction of a residential property in the suburb of Strathfield in Sydney, Australia, on May 8, 2021. Lisa Maree Williams/Getty Images
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An impending interest rate rise and a new opposition shared equity plan to get thousands of people into homes has intensified the spotlight on property affordability.

Federal Labor says the cost of buying a home will be slashed by up to 40 percent for about 10,000 low to middle income earners a year if it wins government.