Malcolm Roberts (Queensland, Pauline Hanson's One Nation Party) Share this | Hansard source

As a servant to the many different people who make up our one Queensland community, I say the Housing Australia Future Fund Bill 2023 and related bills introduce a seriously flawed concept—many flawed concepts. The Housing Australia Future Fund Bill establishes the Housing Australia Future Fund to make funds available for Housing Australia to make grants and loans in relation to acute housing needs, social housing or affordable housing—more bureaucracy. The Treasury Laws Amendment (Housing Measures No. 1) Bill 2023 renames the National Housing Finance and Investment Corporation to Housing Australia—more bureaucracy. This is a clear difference between the Liberal and Labor parties. The Liberal Party name their reckless, wasteful market interventions as corporations. The Labor Party give their reckless, wasteful market interventions grander names. 'Housing Australia' sounds so big, so comforting and so reassuring, yet it falsely implies the Prime Minister has the housing crisis sorted when he is way off target. He's making it worse.

Prime Minister Albanese's solution is not to slow down the obscene level of immigration pouring into cities without homes for people to occupy. His solution is not to address foreign investors buying and locking up new homes so they can be sold as brand-new in a few years' time when values increase. His solution is not to address short-term rentals pushing the long-term rentals out of the housing market. No, his solution is an investment fund that will make no noticeable improvement to the housing crisis.

Here's the data around that. The Australian Bureau of Statistics puts the number of Australian dwellings at 10 million. This bill pretends to add 30,000 new dwellings, or a 0.3 per cent increase. The total value of Australian dwellings is just under $10 trillion. We need as much as $1 trillion worth of new housing by 2030 to meet the needs of everyday Australians, including migrants. This government is offering $2.5 billion. That's 0.025 per cent.

The government can't build enough homes to fix this. Only private enterprise can meet Australia's needs. What created this mess? Red tape, green tape and blue tape created this mess, and high interest rates from a flawed Reserve Bank strategy and inflation from bad government management created the mess. The only thing that will work is getting government out of the way and letting free enterprise fix this mess. Anything else is dishonesty—reckless dishonesty. The Housing Australia Future Fund Bill is dishonest. Not only does this bill not solve the housing problem for people who are already here; it does not solve the housing problems for the millions that will arrive by 2030. Either that Albanese government is deliberately misrepresenting the outcome of the bill or there is more here than the paperwork suggests.

Let's see what else we have here. The Treasury Laws Amendment (Housing Measures No. 1) Bill 2023 streamlines the functions of Housing Australia—oddly, by making it bigger—establishes an annual review mechanism for the National Housing Infrastructure Facility and extends the Commonwealth guarantee of the liabilities of Housing Australia to apply to contracts entered into until 30 June 2028. This last one is interesting. In Queensland a number of construction companies have gone broke recently. The main reason is that, thanks to the government, we have high inflation and home builders use fixed-price contracts. The last thing you want in a fixed-price contract is high inflation taking the profit margin and pushing the builder into a loss on every home they build. Who is going to build the homes now that private enterprise can no longer shoulder their fair share of the burden? Well, the government, of course—so it says—or is it? I'm sure Anthony Albanese's mates in those big union superannuation funds are out there recruiting builders as we speak.