Coalition criticises Labor’s housing policy because government could profit from price rises

Scott Morrison argues Labor is looking to make money out of this' as Anthony Albanese pledges to cut cost of some mortgages by up to $380,000

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The finance minister, Simon Birmingham, says Australians don't want Anthony Albanese at the table with them sharing equity in their homes after Labor announced a policy to make homeownership more affordable for low and middle income earners.

Birmingham told the ABC on Sunday the Morrison government's affordable housing initiative was the preferred model.