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Labor ups the election stakes with housing shared equity scheme

Housing affordability has escalated in prominence as a key federal election battlefield, with Labor upping the stakes over the weekend with its home shared equity scheme targeting 10,000 households.

Labor leader Anthony Albanese with hands raised as he addresses a media conference.
Opposition leader Anthony Albanese: “This will help many Australians on low and modest incomes to buy a home with a much smaller mortgage that they can afford to pay rather than renting for the rest of their life.”

Housing affordability has escalated in prominence as a key federal election battleground, with Labor upping the stakes over the weekend with its home shared equity scheme targeting 10,000 households.

If elected, Labor has promised to cover 30-40 per cent of the cost of a property while retaining that same stake in the asset. When a property was sold, the government would also claim its portion of whatever capital gains were achieved.

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