The Liberal Party recognizes that the foundation of security is owning a home. We are committed to making housing more affordable for young Australians, giving them the opportunity to invest in their own property and build a nest egg for their retirement.
To ease rental costs, we will increase Commonwealth Rent Assistance by 40%, ensuring immediate relief for renters.
For aspiring homeowners, we will limit negative gearing to three investment properties, making it easier for first-time buyers to enter the market.
Additionally, we will allow first home buyers to invest up to $50,000 or up to 40% of their superannuation (whichever is less) towards the purchase of their first home.
To support parents and help balance their work and family life, we will combine Dad and Partner Pay (2 weeks) and Parental Leave Pay (18 weeks) into a single 20-week scheme that can be shared between both parents, allowing greater flexibility.
We will also raise the household income threshold to $350,000, making parental leave accessible to more Australian families.
Additionally, to combat the negative impacts of alcoholism, gambling, and drug addiction, we will roll out cashless welfare nationally.
This policy will ensure that welfare payments are used for essential needs, providing better outcomes for vulnerable communities and those who rely on support the most.