Australia's Parties Announce Tax and Housing Plans Ahead of 2025 Election

As Australia gears up for the May 3 national election, both major political parties have unveiled their campaign strategies focused on housing affordability and cost-of-living relief. Prime Minister Anthony Albanese of the Labour Party promised to allow first-time home buyers to purchase homes with a minimal five percent deposit and pledged A$10 billion to build 100,000 new homes. In contrast, Opposition Leader Peter Dutton and the Coalition proposed a Cost of Living Tax Offset of up to A$1,200 for eligible Australians, aiming to provide immediate financial relief amid rising living costs. The Coalition's plan also includes a temporary fuel tax cut, which they argue will deliver significant savings for families. Each party is framing its proposals as essential to addressing the current economic challenges faced by Australians, with Dutton criticizing Labour's approach as insufficient. The campaign promises reflect a larger debate on how to alleviate financial pressures and improve housing access for citizens.