Australia's Parties Launch Housing Initiatives Amid Elections

Australian Prime Minister Anthony Albanese and Opposition Leader Peter Dutton are set to unveil significant housing policies during their respective campaign launches, aiming to address the critical housing crisis. Albanese's Labor party plans to allow first home buyers to purchase homes with just a 5% deposit and invest A$10 billion to build 100,000 homes. Meanwhile, Dutton's Coalition emphasizes the need for families in suburban areas, although they face criticism over their housing achievements. Labor's ambitious goal of building over a million new homes by 2029 has been questioned, with claims of a shortfall due to labor shortages and regulatory challenges. Both parties are vying to present themselves as the most capable of tackling the pressing housing issues as the election approaches. The political landscape reflects a broader debate on housing affordability and the effectiveness of existing policies.