Netherlands a ‘cautionary tale’ for Coalition’s mortgage deduction scheme, expert warns

Cody Hochstenbach says the scheme in his country has driven up home prices and weighs heavily on taxpayers

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At the Coalition's campaign launch, weeks out from polling day, Peter Dutton announced the centrepiece of his affordable housing plan - making mortgages tax deductible for some first home buyers.

Unlike other housing measures announced during the campaign by the major parties, the deduction scheme had the potential to be an eye-catching policy that could sway voters towards the Coalition on a central election issue.

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