Australia

Election 2022 LIVE updates: Lift in Coalition’s primary vote as campaign enters final days; RBA flags further interest rate rises

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After five weeks of negative messaging about the Labor Party, the prime minister is this morning hitting a more positive note in promoting his policy to open up superannuation savings so people can enter the housing market.

“This is the great aspiration of Australians – to come, build a home, make a life, build a community, get involved in local sports clubs, be part of all the things that are happening in this wonderful part of Australia and to build a life together,” Scott Morrison said from the Victorian seat of Corangamite.

Prime Minister Scott Morrison campaigning in the Victorian seat of Corangamite today.

Prime Minister Scott Morrison campaigning in the Victorian seat of Corangamite today.Credit:James Brickwood

“What we seek to do as a government is just back people into that and give them every chance and every opportunity to realise their aspirations. Because our great belief in Australia is based on them taking those risks, about them making those commitments, about them making those sacrifices.”

The housing policy, announced at the Coalition’s official campaign launch on Sunday, would allow first home buyers with at least a 5 per cent deposit to withdraw up to $50,000 from their superannuation to buy a home.

Labor opposes that policy, and some industry groups have warned the plan could drive up house prices unless there is more supply.

The PM’s comments come after David Crowe wrote that the election race is tightening in the final days of the campaign.

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