Albanese outlines $10bn plan to build 100,000 homes as Dutton pledges one-off $1,200 tax offset

Anthony Albanese will pledge $10bn to help build 100,000 new homes nationwide, reserved exclusively for first home buyers, as the centrepiece of Labor’s election campaign launch on Sunday in Perth.It comes as the Coalition announces a plan for “temporary and targeted” tax relief of up to $1,200 in a return of the low and middle income tax offset brought in under the former Morrison government.Labor would open up to all first home buyers a program allowing people to secure a home with only a 5% deposit, with the government guaranteeing part of the deposit. It will also announce moves to help buyers avoid pricey mortgage insurance.Jacinta Price says Coalition will ‘make Australia great again’ – then accuses media of being ‘obsessed with’ TrumpRead moreThe ambitious target comes amid scrutiny of Labor’s existing housing pledges, which have so far delivered only a fraction of homes promised, and forecasts from major housing bodies that the government would not meet its current targets.Alba...