Andrew Bragg (NSW, Liberal Party, Shadow Assistant Minister for Home Ownership) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. Aspiring homeowners were the biggest losers in Tuesday night's budget. There is no support for first home buyers or any initiatives to address the drain on supply. Labor remains blind to the impact of record levels of migration and booming construction costs, which are locking Australians out of the housing market. IFM Investors's chief economist, Alex Joiner, says 'the overwhelming consensus' of economists is that the budget drives inflation, which will hurt aspiring and current homebuyers by keeping interest rates higher for longer. Why did Labor have no policies at all that support homeownership in this budget?