Don Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

No, it does; it's going to help—the Help to Buy scheme will give you that opportunity. We've got a generation of low- and middle-income young people who are stuck in rent traps. They're angry. They're frustrated. They feel genuine despair that homeownership may never happen for them. They've seen the dream of homeownership slip away from their grasp. Our Help to Buy legislation will help change this. With legislation up from the government, Help to Buy means a smaller mortgage and a smaller deposit to help eligible Aussies get onto the housing ladder. This is the kind of work that will only ever be delivered by good Labor governments—

Government senators: Hear, hear!

Yes, hear, hear—because only Labor has an ambitious, extensive agenda when it comes to housing, making it easier to build, to rent and to buy. After a decade of neglect in housing by the Liberals and the Nationals, they've abandoned the idea that working people should ever be able to own their own home. Only Labor will help more Australians into homeownership.