Australia Votes 2007: Labor plan for home buyers
{{date|November 4, 2007}}

[[Kevin Rudd]], [[Australia]]'s Leader of the Opposition has promised a special home buyers' bank account with tax concessions if [[w:Australian Labor Party|Labor]] is elected on November 24.

Mr Rudd says AU$64,000 could be saved by a couple on the average wage over five years. The plan would cost the Government $600 million dollars.

The [[w:Housing Industry Association|Housing Industry Association]] has welcomed the announcement but says it would be a start and would "avoid a stampede of first home buyers into the market."

Prime Minister [[John Howard]] is bracing himself for a possible Wednesday interest rate rise which may decide the election. Howard has defended the rumours, saying that some rise would be 'unavoidable'.

== Sources ==
{{aussieissue|Election 2007}}
*{{source|url=http://www.news.com.au/story/0,23599,22700331-5012863,00.html
|title=Rudd's tax break for home buyers
|author=Lincoln Archer
|pub=PerthNow by The Sunday Times
|date=November 4, 2007}}
*{{source|url=http://www.thewest.com.au/default.aspx?MenuID=28&ContentID=45713
|title=Rudd's plan to revive 'the great Australian dream'
|author=Australian Associated Press
|pub=The West Australian
|date=November 4, 2007}}

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[[Category:Australia]]
[[category:Oceania]]
[[Category:Politics and conflicts]]
[[Category:John Howard]]
[[Category:Kevin Rudd]]
Kevin Rudd, Australia's Leader of the Opposition has promised a special home buyers' bank account with tax concessions if Labor is elected on November 24.

Mr Rudd says AU$64,000 could be saved by a couple on the average wage over five years. The plan would cost the Government $600 million dollars.

The Housing Industry Association has welcomed the announcement but says it would be a start and would "avoid a stampede of first home buyers into the market."

Prime Minister John Howard is bracing himself for a possible Wednesday interest rate rise which may decide the election. Howard has defended the rumours, saying that some rise would be 'unavoidable'.

category:Oceania
Australia Politics and conflicts John Howard Kevin Rudd