The Coalition notes Labor's eleventh-hour attempt to try and appeal to first home buyers after nearly three years of fiddling while Rome burns.
Shadow Minister for Social Services, NDIS, Housing and Homelessness and Manager Of Opposition Business - The Hon Michael Sukkar MP
Shadow Treasurer - The Hon Angus Taylor MP
Shadow Assistant Minister for Home Ownership - Senator Andrew Bragg
JOINT MEDIA RELEASE
The Coalition notes Labor's eleventh-hour attempt to try and appeal to first home buyers after nearly three years of fiddling while Rome burns.
Only weeks out from a federal election, this underwhelming announcement is just a desperate attempt to look like the Albanese Government cares about young Australians who have suffered the most under Labor’s housing crisis.
This announcement provides no new money, no new ideas and no new homes – it’s just a gentle letter from the Treasurer to APRA and the same Labor housing crisis.
After almost a full term in Government, the only policies supporting first home buyers are the ones Labor inherited from the former Coalition government, and not a single home has been built under a policy or programme delivered by the Albanese Government.
Not a single first home buyer has bought a home through a Labor housing policy because Labor policies for first home buyers simply don't exist.
The Coalition is the party of housing supply and home ownership, evident through our commitment to:
- Allow first home buyers to access up to $50,000 of their own superannuation to help with the purchase of their first home, through the Super Home Buyer Scheme.
- Unlock 500,000 new homes through our $5 billion Housing Infrastructure Programme, which will fund the critical infrastructure - such as roads, water and sewerage - that is holding back the development of new homes.
- Reduce migration to sensible levels that our housing supply can handle, which will ultimately benefit both renters and aspiring homeowners by freeing up stock and reducing competition.
- Implement a two-year ban on foreign investors and temporary residents purchasing existing homes.