Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

We want more young people to be able to get into the housing market, and we want them to be able to get into the housing market sooner with a smaller deposit and lower repayments. What's wrong with that? It seems remarkable when you say it, but you've got so many people in this chamber from opposite ends of the political spectrum—from Mr Dutton and the National Party to the Greens—opposing this.

Let me share some of the thoughts of some Australians about this. Christopher in Frankston says: 'A low-deposit shared-equity scheme would be perhaps the only option for someone in my situation. It would provide some security.' Anthony from Camperdown said: 'Without help, I can't see how I'm going to be able to get on the property ladder in a sustainable way. The government's new scheme is a breath of fresh air, and it gives first home buyers some hope.' This is—