Abolishing stamp duty for first home buyers is among a raft of housing policies unveiled by the Queensland state opposition leader David Crisafulli.
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00:00 The opposition leader drawing the election battle lines.
00:05 After 10 years of this government, are things better or worse when it comes to health, housing,
00:11 youth crime and cost of living?
00:13 David Crisofoli used his budget reply speech to unveil a major housing policy.
00:18 He's promising if elected, an LNP government will raise the stamp duty threshold to $700,000
00:25 for first home buyers who purchase an existing property.
00:28 The tax will be scrapped for first home buyers who build or buy a new home.
00:33 We are abolishing a tax.
00:36 Yeah.
00:37 When did you last hear that in this place?
00:39 Yeah.
00:40 Well, he's announced $400 million in unfunded stamp duty cuts.
00:44 So let's hear how David Crisofoli is going to fund that.
00:47 The LNP will also set up a shared equity scheme to assist aspiring homeowners to close the deposit gap.
00:54 The party will commit to building one million new homes and 53,000 social homes by 2044.
01:02 Labor has committed to both these measures by 2046.
01:06 While we welcome a bipartisan approach to social housing targets and funding for specialist homelessness services,
01:13 we need more to be done for renters.
01:16 If elected, the LNP will also dump Labor's proposed Pioneer Burdekin pumped hydro project near Mackay,
01:23 the controversial project is a critical part of the state government's energy plan
01:28 and reaching ambitious renewable and emission reduction targets.
01:32 The LNP will investigate opportunities for smaller, more manageable pumped hydro projects.
01:39 That is the bottom line of renewable energy.
01:41 So if you take that out of the system, the whole clean energy future of Queensland collapses.
01:47 This was a major speech for the opposition leader where he outlined a raft of policies the LNP will take to the polls.
01:55 David Crisofoli insists his promises are fully funded and fully costed.
02:01 But he only took one question from the press gallery when asked about his plan.
02:06 $20 billion to fund all our policies.
02:08 I await Cameron Dick's answer.
02:10 How much will that cost to stamp duty one?
02:12 [BLANK_AUDIO]