Labor's Positive Plan to Help Housing Affordability

Labor is worried that the Australian Dream of home ownership is slipping out of the reach of too many middle class and working class families. First time buyers are being priced out by wealthy residential property investors who own several homes.

That is why Labor has a positive plan to help housing affordability.

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Looking to buy your first home?

Ok, here’s what you need to know...

If you’re looking to buy your first home, chances are it hasn’t been easy.

Thousands of first home buyers like you across Australia are being priced out of the market by wealthy residential property investors who own several homes.

But Labor has a plan to put the Australian dream of home-ownership back within the reach of first home buyers. Our plan to reform negative gearing and capital gains tax will level the playing field for first home buyers competing with investors.

We’ll put some fairness back into the housing market, and make improvements to the Budget bottom line.

continue reading


Labor is worried that the Australian Dream of home-ownership is slipping out of the reach of too many middle class and working class families.

  • First home buyers make up just 1 out of 7 of all home purchases in Australia
  • Ownership rates for young people aged 25-34 have spiraled downwards in recent years from 60% to 48%.

Thousands of first home buyers like you across Australia are being priced out of the market by wealthy residential property investors who own several homes.

If we keep going like we are now, there’s a very real risk future generations of young Australians will be locked out of the property market forever.

The problem is, first home buyers are on an uneven playing field with other buyers such as investors:

  • Investors in Australia have an unfair advantage because they can access the most generous tax concessions on housing in the developed world.
  • Last year, for the first time in history, more than 50% of all new home loan approvals were for investment purposes.

The good news? Labor has a plan to put the Australian dream of owning your own home back within the reach of first home buyers like you. We don’t want to let your dream of owning your own home vanish for you or your kids.

Our plan will reform negative gearing and capital gains tax to make sure the housing market works for all Australians. These reforms are about putting some fairness back into the housing market, and making improvements to the Budget bottom line.

These reforms are also good for our economy and will deliver $32.1 billion in savings which will help us to fund important reforms like Labor’s Your Child. Our Future, a plan to boost our schools for every child in every school across Australia.

Malcolm Turnbull and the Liberal-Nationals don’t know what it’s like to struggle buying your first home. If we want a housing market that works for first home buyers as well as investors, we need your support.

Will you add your name to hear more about this policy as it progresses and help put pressure on the government to do something about housing affordability in Australia?

I want even more details! Take me to the long version of Labor’s plans to reform negative gearing and capital gains tax.

An owner of negatively geared property?

Ok, here’s what you need to know...

If you are currently negatively gearing, the first thing you need to know is that your current investments will be unaffected by Labor’s reforms. This will only affect existing properties purchased from 1 July 2017. From that point, negative gearing will only be allowed for new properties purchased after that date.

Labor’s proposed reforms to negative gearing and capital gains tax are our plan to make sure the housing market works for all Australians.

We don’t want to let the Australian dream of owning your own home vanish for our kids.

continue reading


All existing properties are fully grandfathered – and therefore, unaffected. In fact, all existing properties purchased prior to 1 July 2017 will be unaffected by these changes. 93 per cent of all investment property lending in Australia is focused on existing property. That’s not a tax concession that is working well. Australia can and must do better.

Tax concessions for negative gearing will continue to be available to people of all career types and income levels. But Labor’s reforms mean that we want property investors focusing on purchasing new properties. This will boost investment and jobs in the economy, while encouraging new housing supply.

Labor’s proposed reforms to negative gearing and capital gains tax are our plan to make sure the housing market works for all Australians. We want to level the playing field to make sure we have a housing market that works for first home buyers as well as investors.

Labor doesn’t want to let the Australian dream of owning your own home vanish for our kids. For Labor, this is about putting some fairness back into the housing market, and making improvements to the Budget bottom line.

So what’s the issue with housing affordability in Australia?

As you may have experienced as a first home buyer yourself, buying your own first home isn’t exactly a walk in the park.

Labor is worried that the Australian Dream of home-ownership is slipping out of the reach of too many middle class and working class families.

  • First home buyers make up just 1 out of 7 of all home purchases in Australia
  • Ownership rates for young people aged 25-34 have spiralled downwards in recent years from 60% to 48%.

If we keep going like we are now, there’s a very real risk future generations of young Australians will be locked out of the property market forever.

The problem is, first home buyers are on an uneven playing field with other buyers such as investors:

  • Investors in Australia have an unfair advantage because they can access the most generous tax concessions on housing in the developed world.
  • Last year, for the first time in history, more than 50% of all new home loan approvals were for investment purposes.

Labor has a plan to put the Australian dream of owning your own home back within the reach of first home buyers.

If we want a housing market that works for first home buyers as well as investors, we need your support. Will you add your name to hear more about this policy as it progresses and help put pressure on the government to do something about housing affordability in Australia?

I want even more details! Take me to the long version of Labor’s plans to reform negative gearing and capital gains tax.

Renting because I can't afford to buy?

Ok, here’s what you need to know...

Many Australians who are renting feel frustrated that each week their hard earned dollars go into someone else’s pocket instead of their own investment.

We hear you.

The good news is Labor has a plan to put the Australian dream of owning your own home back within the reach of first home buyers.

We’ll reform negative gearing and capital gains tax to make sure the housing market works for all Australians. This will level the playing field for potential first home buyers like you competing with investors.

continue reading


There are serious hurdles facing hundreds of thousands of people like you around Australia who might want to buy their first home, but end up renting instead because it’s just too expensive.

Labor is worried that the Australian Dream of home-ownership is slipping out of the reach of too many middle class and working class families.

  • First home buyers make up just 1 out of 7 of all home purchases in Australia
  • Ownership rates for young people aged 25-34 have spiralled downwards in recent years from 60% to 48%.

If we keep going like we are now, there’s a very real risk future generations of young Australians will be locked out of the property market forever.

The problem is, first home buyers are on an uneven playing field with other buyers such as investors:

  • Investors in Australia have an unfair advantage because they can access the most generous tax concessions on housing in the developed world.
  • Last year, for the first time in history, more than 50% of all new home loan approvals were for investment purposes.

The good news? Labor has a plan to put the Australian dream of owning your own home back within the reach of first home buyers. We don’t want the let the dream of owning your own home vanish for you or your kids.

Our plan will reform negative gearing and capital gains tax to make sure the housing market works for all Australians. These reforms are about putting some fairness back into the housing market, and making improvements to the Budget bottom line.

These reforms are also good for our economy and will deliver $32.1 billion in savings which will help us to fund important reforms like Labor’s Your Child. Our Future, a plan to boost our schools for every child in every school across Australia.

Malcolm Turnbull and the Liberal-Nationals don’t know what it’s like to struggle buying your first home. If we want a housing market that works for first home buyers as well as investors, we need your support.

Will you add your name to hear more about this policy as it progresses and help put pressure on the government to do something about housing affordability in Australia?

I want even more details! Take me to the long version of Labor’s plans to reform negative gearing and capital gains tax.

Just interested in what this means?

Ok, here’s what you need to know...

The Australian Dream of home ownership is slipping out of the reach of too many middle class and working class families. First time buyers are being priced out by wealthy residential property investors who own several homes.

The good news is, Labor has a plan to bring fairness back into the housing market.

We’ll reform negative gearing and capital gains tax to make sure the housing market works for all Australians. This will level the playing field for first home buyers competing with investors.

continue reading


There are serious hurdles facing hundreds of thousands of Australians when it comes to buying their first home.

Labor is worried that the Australian Dream of home-ownership is slipping out of the reach of too many middle class and working class families.

  • First home buyers make up just 1 out of 7 of all home purchases in Australia
  • Ownership rates for young people aged 25-34 have spiralled downwards in recent years from 60% to 48%.

If we keep going like we are now, there’s a very real risk future generations of young Australians will be locked out of the property market forever.

The problem is, first home buyers are on an uneven playing field with other buyers such as investors. Malcolm Turnbull doesn’t understand this, but investors in Australia have an unfair advantage because they can access the most generous tax concessions on housing in the developed world. In fact, for the first time in history last year more than 50% of all new home loan approvals were for investment purposes.

The good news? Labor has a plan to put the Australian dream of owning your own home back within the reach of first home buyers like you who are competing with investors. We don’t want the let your dream of owning your own home vanish for you or your kids.

Our plan will reform negative gearing and capital gains tax to make sure the housing market works for all Australians. These reforms are about putting some fairness back into the housing market, and making improvements to the Budget bottom line.

These reforms are also good for our economy and will deliver $32.1 billion in savings which will help us to fund important reforms like Labor’s Your Child. Our Future, a plan to boost our schools for every child in every school across Australia.

Malcolm Turnbull and the Liberal-Nationals don’t know what it’s like to struggle buying your first home. If we want a housing market that works for first home buyers as well as investors, we need your support.

Will you add your name to hear more about this policy as it progresses and help put pressure on the government to do something about housing affordability in Australia?

I want even more details! Take me to the long version of Labor’s plans to reform negative gearing and capital gains tax.

I SUPPORT LABOR'S PLAN FOR AFFORDABLE HOUSING

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