Morrison to announce new housing policy at campaign launch during last election campaign

Prime Minister Scott Morrison will unveil a new housing policy at the official Liberal campaign launch in Brisbane today aimed at older Australians.

Speaking to party heavyweights including former Prime Minister John Howard, Morrison will announce the policy to encourage people to downsize.

Under the plan, Australians over the age of 55 will be able to sell their homes and then invest an additional $300,000 in their superannuation from the proceeds if the Coalition is returned to power after Saturday’s federal election.

Prime Minister Scott Morrison will try to rally the Coalition at the official campaign launch in Brisbane today. (9News)

The device already exists for people over 65.

The policy is to be changed for people over 60 from July 1. Couples can contribute up to $600,000.

The aim is not just to help people invest their super, but to free up housing stock for young Australians to buy a family home.

Finance Minister Simon Birmingham told 9News political editor Chris Uhlmann in Weekend Today this morning that the policy would not leave young people behind by targeting the over-55s.

“The fact that we’ve seen such huge job growth and brought unemployment down to 4% contrasts with previous recessions… where Australia was faced with youth employment which had a huge tail that s had been stretching for years, denying young Australians the opportunity to have a job to get ahead, to be able to save for a house,” Birmingham said.

The Coalition will unveil its new housing policy aimed at encouraging seniors to downsize. (PAA)

Morrison is trying to regain momentum in the final week of the campaign as polls show Labor are on track to win government.

He also admitted to displaying a ‘bulldozer’ style of leadership which has often proved unpopular and will need to change if the Coalition is re-elected as Australia emerges from years of crisis.

Birmingham said Morrison’s leadership style suited the critical issues Australians faced during the COVID-19 pandemic.

“The prime minister, like all of us, has to apply different skills and attributes to the job at different times…he had to push hard to make sure the country came through as well and as safely as we did,” he said. he declared.

Uhlmann said the Coalition was desperate to regain the initiative in the final days of the campaign, but was hampered by Morrison’s leadership style and questions about his character.

Simon Birmingham sat down with Chris Uhlmann with a week until the campaign. (Today)

“Scott Morrison needs to get another win from behind and he’s carrying his bags this time around,” he said.

“He wants to tell people he can change.”

Opposition leader Anthony Albanese will also be in Brisbane today to attend a Labor rally, where he will unveil a billion dollar manufacturing policy.

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