South Australian Labor has announced significant housing initiatives during the launch of its state election campaign, including a fund for land purchases to facilitate housing development.
As South Australian Labor kicked off its state election campaign, Premier Peter Malinauskas unveiled key housing initiatives aimed at addressing the housing crisis. A primary focus of the campaign is a proposed land purchase fund that would allocate up to $500 million for acquiring land, which would eventually be sold to the private sector for development. This initiative is seen as a measure to increase housing supply and affordability in the state, particularly for younger homebuyers struggling to enter the market.
In addition to the land purchase scheme, Malinauskas announced a policy to abolish stamp duty for baby boomers who sell their homes to purchase new properties. This initiative is designed to encourage older homeowners to move into new builds, thereby freeing up larger homes for the younger population. The Labor party argues that these measures will help stimulate the housing market and assist first-time homebuyers in securing affordable options, promoting greater housing equity in South Australia.
However, the campaign has faced criticism from the Liberal party, which has resumed attacks on Labor’s health care performance, particularly regarding delays in emergency services—a situation known as 'ramping.' The Liberals assert that ongoing health issues raise doubts about Labor's effectiveness and its ability to follow through on ambitious campaign promises related to housing and other issues. The political landscape in the lead-up to the election is charged with scrutiny over these commitments and the broader implications for South Australian families.
