Scott Morrison (Cook, Liberal Party, Shadow Minister for Housing and Local Government) Share this | Hansard source

because I know, as the member for Banks knows, that there are people who will always need that support. I do not want that support to be overcrowded with people who have the opportunity to get back on their feet again. We need to give them that support by ensuring that right now we take the funds that we have set aside for investing in the RMBS market and put some of those funds into shared equity mortgages. That will provide another option. We should consider these measures as well; it is not simply about a plan to provide first home owners with a $14,000 or $21,000 bonus. The latter measure, in particular, is one that I support, because it does provide a stimulus to the housing construction industry, although at present all we have noted happening is a clearing of stock, not a building of new stock. That measure on its own will not keep Australians in their homes. We need to look at those who are already in their homes and make sure we enable them to stay there. The best thing we can do for them is to ensure that they stay in their jobs for a start.

Debate (on motion by Mr Melham) adjourned.

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