A deposit of five per cent will be guaranteed for 50,000 first home buyers each year enter the property market under a Federal Liberal Government, according to Liberal candidate for the seat of Holt, Ranj Perera.
The New Home Guarantee is one of multiple measures to ease cost of living pressures, along with a recent cut to the fuel excise from 44 cents per litre to 22 cents per litre and a maximum tax refund of $1500 for employees earning between $48,000 and $90,000, an increase of $420, as announced in the Federal Budget last month.
Mr Perera said supporting Victorians to buy their own homes and easing cost of living pressures was a key priority of the Liberal Government.
“This positive plan means more families into homes sooner, giving certainty and stability to tens of thousands across the nation,” he said.
“Only the Liberal Government has a real plan to get families into their first home and keep more money in people’s pockets.”
Mr Perera’s comments follow contributions from Greens candidate Sujit Mathew and Labor’s Cassandra Fernando in last week’s Cranbourne Star News, who outlined their plans to ease cost of living pressures for Holt residents.
Mr Mathew said The Greens would increase income support payments to $88 per day from July 2023, as part of the Liveable Income Guarantee announced in March, and impose a billionaires’ tax, which would be repurposed to build public housing accommodation.
Labor’s Powering Australia plan would cut power bills by $275 a year by 2025 and 465,000 free TAFE places would be made available over the next four years, Ms Fernando said.
Labor would also implement a National Housing and Homelessness plan to address the housing crisis, according to Ms Fernando.
The Palmer United Candidate for Holt was contacted for comment.
