The at the state election this Saturday is cost of living,including housing,which forms the largest proportion of many households’ expenses.
But experts warn that neither major party’s policies will be enough to shift the dial on housing affordability in the NSW election.
Despite the property downturn,the fastest rise in interest rates in a generation has hit households hard. Homeowners face steep increases to mortgage repayments,while tenants endure whopping rent increases and the prospect of a still-expensive housing market.
Some policies do not go as far as they could,such as the Liberals’ Some stimulate demand,such as the Liberals’ Kids Future Fund or Labor’s promise to increase the thresholds for stamp duty exemptions to $800,000,by adding more money into voters’ pockets,which pushes up prices.
The Greens’ commitment to build 100,000 homes over the next decade was seen as the most ambitious,but there are questions over its feasibility as a minor party.
However,all three parties have promised renters better protections as no-grounds evictions are set to be reformed,no matter who wins.
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