The Coalition is promising to let first-home buyers claim a tax deduction on the interest bill on their mortgage, subject to financial thresholds over five years, as well as offering the super-for-housing policy, but it has vowed to block the Labor policy to ease student debt.
Labor is offering to reduce all HECS debts by 20 per cent if it is returned to power, saying someone with the average debt – $27,600 – would have about $5250 wiped from their loan.
On housing, it offers first-home buyers a government guarantee so they can buy their first home with a 5 per cent deposit, as well as a $10 billion plan to encourage more housing construction.
Labor is acting on government data, prepared before the election, that shows more than three…
