Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I thank Senator Pratt for the supplementary question. We want more people to be able to get into the market sooner with a smaller deposit and lower repayments. That's why we can't believe why the opposition and the Greens are standing in the way of that, because that is what they're doing when they're teaming up, when they are holding hands on all these housing votes in the parliament. Instead, those opposite—and I'm sorry that we don't have the spokesperson for ransacking your super here today—want Australians to mortgage their future by raiding superannuation for housing. Expert after expert has said the same thing: super for housing will simply increase prices. It is not even just the experts. The opposition leader once said: 'It is not good policy. You don't want to fuel the prices.' The deputy opposition leader said, 'Young people need their super for retirement, not to try to take pressure of an urban housing bubble.' Senator Hume even said, 'Super for housing will bump up housing prices.' (Time expired)