Senate debates

Tuesday, 26 November 2024

Bills

Help to Buy Bill 2023, Help to Buy (Consequential Provisions) Bill 2023; In Committee

12:42 pm

Photo of Tim AyresTim Ayres (NSW, Australian Labor Party, Assistant Minister for Trade) Share this | Hansard source

This scheme is certainly targeted for nurses and teachers and people who work in our police services or in retail. They may not be people who the Liberal Party of Australia cares about, but, under this scheme, every year 10,000 of them will have a more affordable deposit and a more affordable mortgage. In the suburbs of Sydney, if you are a retail worker or you work as a storeman and packer or you're in a moderate- or low-income job—perhaps two of you in your family—what you know is that this scheme is there for 10,000 people just like you and that it offers a benefit for a targeted part of the Australian market. It is not designed to deal with the big challenges in the supply of housing, and all of those questions that the rest of the government's housing scheme is directed towards—albeit, I understand, you and the Liberals and Mr Dutton oppose all of it, consistent with a pattern of no action over a decade. It is designed to support Australians who want to purchase moderately priced homes.

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