Posted on 06. Jun, 2010 in Victoria

Commenting about home affordability figures released by BankWest today, Kim Wells has again failed to produce any plans to help first home buyers in Victoria and has refused to rule out junking the most generous first home bonuses in Australia available from the Brumby Labor Government.

Treasurer John Lenders said Mr Wells had come under attack for his $2 billion suggestion to remove land transfer duty from first home buyers which would lead to the removal of Victoria’s first home bonuses and endanger thousands of jobs.

Mr Lenders said unlike the Opposition, the Brumby Labor government would continue to provide generous first home buyer support worth up to $26,500 for new homes in regional Victoria.

“The Brumby Labor Government has taken action on housing affordability – Victoria now has the most generous first home bonuses in Australia,” Mr Lenders said.

“In contrast Kim Wells is too lazy to put pen to paper to write a policy about it.

“Again Kim Wells is trying to be all things to all people – talking about releasing a $2 billion stamp duty policy weeks ago but failing to release doing any homework whatsoever – no costings, no policy document and no idea of how it affects the budget.

“Victorians are sick of the hollow, reckless promises of billions of dollars just to get a headline, without a thought of how to pay for it.”

Mr Lenders said Mr Wells was strangely silent on his $2 billion promise in his release on housing affordability today after the government revealed the Opposition’s budget black hole, which would result in scrapping the first home buyers’ bonus and sacking police, nurses and teachers.

“Mr Baillieu has shown again that his party would only govern for the big end of town.  His policy would be a handout for people buying a $2 million first home but it would be a big kick in the teeth for people buying a $300,000 house and land package expecting a first home bonus,” Mr Lenders said.

“Our first home bonuses encourage Victorians to build new homes, creating thousands of building jobs, boosting the housing supply and taking pressure off the rental market.

“We are helping young Victorian families to consider the benefits of moving to or staying in regional Victoria.”

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