What are the differences between the major parties’ homebuying policies this election?

Coalition spruiks exisiting Home Guarantee scheme, while Labor promotes shared equity' program to address rising house prices

• Follow our Australia news live blog for the latest updates
• Read our latest election briefing and listen to today's campaign catchup podcast
• Guardian Australia's full federal election coverage

With the cost of houses in Australia soaring in recent years, including up almost 25% last year, both major parties have policies designed at helping people into the property market.

The Labor leader, Anthony Albanese, used his campaign launch in Perth on Sunday to unveil the party's new Help to Buy" scheme, while the prime minister, Scott Morrison, has been talking up the Coalition's existing Home Guarantee" scheme which it launched in 2020.