Federal Member for Fairfax

Media release

The federal leader of the Palmer United Party and Member for Fairfax, Clive Palmer, has renewed his call to make the first $10,000 of every home loan tax deductable in response to Australia’s housing affordability crisis.

Mr Palmer said the policy failures of successive Labor and Liberal federal governments had damaged the economy and led to the current situation where a growing number of Australians could not afford homes or were spending more than they could afford on mortgages or rent.

“One of the best incentives to empower Australians and get this country moving once again is to ensure the great Aussie dream of home ownership is attainable both now and for future generations,’’ he said.

“Under the atrocious economic management of the two-party duopoly we have watched the dream of home ownership slip through our fingers and the construction industry brought to its knees as a result.

“A sensible way to help turn this around is to make the first $10,000 of every home loan tax deductable each year to increase home ownership security and boost the construction and associated industries.

“We need a fundamental change to ensure a prosperous future and allow all Australians an opportunity to fulfil the great Aussie dream of home ownership,’’ Mr Palmer said.