Home ownership is this Labor treasurer’s great middle-class goal

NSW Treasurer Daniel Mookhey, who hands down his second budget on Tuesday, says building wealth and financial security through home ownership must be a core objective of the modern Labor Party.

John KehoeEconomics editor

Jun 15, 2024 – 5.00am

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For NSW Treasurer Daniel Mookhey, building wealth and financial security through home ownership must be a core objective of the modern Labor Party.

Growing up in western Sydney in a single-parent household, Mr Mookhey’s Indian immigrant mother, Neelam, paid off the family’s mortgage on their Merrylands home from her accounts clerk wage after his father died when he was five years old.

John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury.