Labor wins in landslide with housing policies set to shake up the market
Labor's huge election win has given it a mandate to tackle the housing crisis that was a central issue throughout the campaign, but will its signature policy solve or savage the affordability dilemma?
Labor’s election win was at least in part due to its wooing of renters and mortgage holders, and younger voters worried about the housing crisis. (Image source: Shutterstock.com)
The Labor government’s landslide election victory has ensured its signature housing policy that encourages first home buyers into the property market through a 5 per cent deposit scheme will be rolled out.
Amidst concerns the policy due to take effect on the first day of 2026 could fuel further property price hikes, first home buyers
with a five per cent deposit would be able to avoid lenders mortgage insurance (LMI), which costs about $23,000 o…
