Greens chief Adam Bandt is campaigning in Melbourne immediately and can pitch his election plan to present first homebuyers entry to low-rate mortgages.
The Greens have centered closely on tackling the housing disaster this election and Bandt claims huge financial institution regulation is the one method to make properties extra inexpensive.
“For too lengthy, huge banks have been ripping individuals off by charging rates of interest nicely above the money charge,” Bandt mentioned.
“They’re crushing mortgage holders, making billions of {dollars} in income ripping off struggling mortgage holders by overcharging them on their mortgage.
“Our plan will scale back the prices of mortgages for everybody by limiting the quantity at which banks can rip individuals off.”
Bandt and the Greens will announce this plan later immediately.
