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

The average first home buyer purchase is $480,000. Compared to the median, that's quite a moderate figure. That is the average for first home purchases in Australia. There are people who have purchased a home before who, because of their work experiences or otherwise, will struggle to purchase a home and would be eligible for this scheme, but it is, of course, directed towards low- and moderate-income Australians who can pay a mortgage and assemble a deposit but not at the level that they would be required to in the private market. This provides a leg-up for, as I said, the nurses and teachers and police and retail workers and truck drivers of Australia.