Australia Votes 2007: Labor plan for home buyers
Sunday, November 4, 2007
Mr Rudd says AU$64,000 could be saved by a couple on the average wage over five years. The plan would cost the Government $600 million dollars.
The Housing Industry Association has welcomed the announcement but says it would be a start and would "avoid a stampede of first home buyers into the market."
Prime Minister John Howard is bracing himself for a possible Wednesday interest rate rise which may decide the election. Howard has defended the rumours, saying that some rise would be 'unavoidable'.
|Wikinews Australia has in-depth coverage of this issue: Election 2007|
- Lincoln Archer. "Rudd's tax break for home buyers" — , November 4, 2007
- Australian Associated Press. "Rudd's plan to revive 'the great Australian dream'" — , November 4, 2007