Dutton Wants to Bring Back a Housing Tax Trick So Bad, Even Trump Killed It

A Policy So Regressive, It Was Too Much for Trump

Peter Dutton’s latest housing policy push is so backward, it borders on parody. The Coalition is proposing a mortgage interest deduction — a tax break for homeowners that would effectively reward people for taking on debt, drive up property prices, and strip billions from the personal income tax base.

This isn’t speculation. It’s history. Even Donald Trump, no stranger to real estate handouts, phased out this exact policy in 2017 under his own Tax Cuts and Jobs Act. Why? Because it’s a broken, outdated idea that benefits the wealthy, does nothing for housing supply, and shifts the tax burden onto everyday Australians.

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It’s a Handout to Landlords and the Already Wealthy

Let’s call it what it is: a gift to those who already own property — not a solution for renters or first-home buyers. This policy will inflate demand without addressing the real problem: housing supply. It props up prices, rewards speculation, and punishes those still trying to get a foot in the door.

The result? A growing wealth gap, higher rents, and fewer options for real, long-term growth.

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With Supavest OCP and TIC Property, investors can access real property projects with structured, compliant pathways — without inflating house prices or feeding housing inequality. It’s property investment with purpose and profit.

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