Bill Shorten vs Scott Morrison: The leader on track to win the federal election this Saturday
The latest Newspoll in The Australian shows that Labor is still on track to win power in Saturday’s federal election. The Labor Party is currently leading 51-to-49 per cent on a two-party preferred basis.
Opposition leader Bill Shorten’s personal approval rating is up three points to 38 per cent whereas Prime Minister Scott Morrison’s has dropped slightly to 45 per cent.
However, 17 per cent of voters are still undecided.
With Scott Morrison being vague on his new housing policy, only time will tell as to which party will win.
The new housing policy will enable first homebuyers to get a home loan with a deposit of as little as 5 per cent, instead of the usual 10 or 20 per cent.
Labor has already agreed to match the policy, so it should become law no matter the winning party.
A reporter asked Morrison what impact his new housing policy will have on property prices, but Morrison’s answer was unclear.
"On your housing scheme, have you done any modelling on the impact to housing prices?" a reporter asked at a press conference in Western Sydney.
"The scheme will continue on the basis of people being able to access loans on the same basis they can now…" Mr Morrison began, before being cut off.
What effect will Scott Morrison's new housing policy have on property prices? Will prices go up? "It's difficult to say," he says #auspol pic.twitter.com/5w3u9sb3J4
— Sam Clench (@SamClench) 12 May 2019
"Could it raise house prices by putting more people in the market?" the reporter interjected.
"We want to see more first homebuyers in the market, absolutely. And we don't want to see people's house prices go down," he said.
"You didn't answer that question. Would house prices potentially go up?" another reporter asked.
"I don't want them to go down. I want to see people, when they buy their first home, to be able to stay in the market and keep the value of their home that they've bought," Mr Morrison said.
"It's difficult to say. It's difficult to say, but I do know this – Labor's housing tax will force the value of your home down."