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The coalition has started its federal electoral campaign of 2025 in Sydney with several important cost of cost of living announced.
See the launch of the Federal Electoral Campaign of the Liberal Party above
Mortgage relief of up to $ 12,000 for the first housing buyers
The opposition leader declared himself today as the “Prime Minister who restores the dream of housing ownership.”
Dutton then announced his plan to allow the owners of newly built properties for the first time to deduce the mortgage interest payments of their taxable income.
Dutton said that a chosen coalition government would implement this important fiscal change that could save the average home with an taxable income of $ 120,000 around $ 12,000 per year for up to five years.
The scheme is limited to five years, it is applied only to the first $ 650,000 of a mortgage loan and is tested with revenue limits of $ 175,000 for single and $ 250,000 for couples.
“We will allow these deductions for five years, whenever they continue to live in that home for that period,” Dutton said.
Once out of $ 1200 of tax relief for millions of Australians
Before the official launch of today’s campaign, Dutton responded to the Labor Housing Plan with a promise to give 10 million Australians a $ 1200 tax cut in the next financial year.
Dutton said that a chosen coalition government would deliver compensation for living taxes for once to eligible Australians who earn up to $ 144,000 when they submit their tax declaration.
About 85 percent of all workers would be eligible for this temporary fiscal relief.
Around half of all taxpayers would receive complete compensation of $ 1200, which would cost the government $ 10 billion.
These tax cuts would also save families with two income of up to $ 2,400.
Dutton said that this fiscal relief policy once would be a vital support for families fighting a difficult economic climate.
“A coalition government will first provide help to families by reducing fuel by 25 cents per liter, a saving of approximately $ 1500 a year for a family of two cars,” Dutton said today.
“And then returning up to $ 2400 per family while we cleaned the work disorder. 70 ° C per day is a curite in a gunshot wound.”
Dutton used his policy advertisement to aim at the modest tax cut of the federal government announced in the federal budget of 2025, which amounts to around 70 ° C per day.
“Our compensation for cost of living taxes will put more money in the pockets of millions of Australians at a time when they are crushed when shooting invoices of groceries, rental, mortgage payments and insurance costs,” he added.
The treasurer of the shadow, Angus Taylor, said the coalition is committed to delivering an “integral” plan to rebuild the economy and direct the cost of living.
“The coalition approach is different: we will provide temporary and specific relief of the cost of living while we head our economy again,” he said.
“We will restore responsible economic management, we will deliver a plan to reduce electricity and gas invoices, and we will restore prosperity for the Australians who work.”
Discarding the family car and UTE tax
Dutton said the Coalition will Axar the family car and the Labor UTE tax, which he would save the Families $ 9700 for choosing a RAV4 hybrid model or $ 14,400 for a Ford Ranger.
“Australians should not be penalized for choosing to buy a gasoline, diesel or hybrid vehicle on an EV,” he said.
“In fact, we will save the Australians an average of $ 2,300 per vehicle.”
Using Super to buy a house
The opposition leader also reaffirmed his previous promise to allow Australians to withdraw T $ 50,000 of his retirement accounts to pay a house deposit.
He said that Australians should be able to access their retirement funds when they wish.
“Your super is your money, not that of the government,” he said.
“We will also work with the prudential regulator to relieve the criteria of rigid and excessively strict loans,” he added.
“And that will result in tens of thousands of Australians who can obtain a mortgage loan.”
A ‘Australia Regional Fund’ of $ 20 billion
The coalition has promised a $ 20 billion fund to invest in regional, remote and rural Australian communities.
The leader of the nationals, David Littleproud, defended this policy today at the launch of the Campaign of the Liberal Party and said that the coalition would ensure that Australian is not left.
Littleproud said the billionaire fund would invest in children’s care, improving access to health and road financing and infrastructure in regional communities.
“I got into the policy in Queensland regional because I was tired of seeing young people pass the division,” Littleproud said.
“It’s time to bring them home and keep them at home, knowing that they have a future in regional Australia, because you will have a government that you think in you, and that is the legacy that Peter Dutton and I intend to leave for regional Australia.”
Labor also said that it would increase the income and the price limit so that all the first housing buyers are eligible for a five percent deposit on a property.
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