Australia election 2025 live: David Pocock says major parties missing the ‘long-term thinking and courage’ to tackle housing crisis

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David Pocock says major parties missing the ‘long-term thinking and courage’ to tackle housing crisis

The independent senator David Pocock says both Labor and the Coalition are missing “long-term thinking and courage” on housing.

He told ABC’s Afternoon Briefing that while the Labor policy will add to supply, neither party wants to tackle one of the root causes which is the tax system treating housing as an investment vehicle, “not a human right or something you actually need to be able to flourish in your community in society”.

This is what the major parties on missing is long-term thinking and courage to take on these challenges. It seems like the whole election strategy is to basically say we are slightly better than the other bunch. How have we got to this point in Australia? I think you are seeing independents across the country listening to their community saying we want a long-term vision and a plan for this and we want to tackle the things that have been at the two hard basket for too long when it comes to our tax system, capital gains tax, discounts, negative gearing, stamp duty are all things we should be dealing with.

When it was pointed out Labor went to the 2019 election with a policy on this and lost, Pocock says he is hearing the housing situation is desperate, and very different from the situation in 2019.

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The finance minister and Labor campaign spokesperson, Katy Gallagher, is on ABC’s Afternoon Briefing and was asked to respond to criticism that both Labor and the Coalition’s housing policies announced yesterday will lead to increased prices.

Gallagher said the 5% deposit guarantee is one of a number of programs aimed at getting more homes, and people into homes. She said the Coalition’s policy is “fewer homes and higher prices” forcing young people to “ransack their savings”.

Asked whether she would like to see house prices rise in Australia, Gallagher says the government is focused on making sure there is enough supply.

On whether this transfers the risk to taxpayers, Gallagher said the program already exists, and it’s a “tried and tested” system with only three defaults out of 150,000 in the program already.

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