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

We have an ambitious housing agenda because we want to fix the Liberal-made housing shortage. In addition to building 1.2 million new homes and the announcement we have made today, we are supporting first home buyers with the First Home Guarantee, the Regional First Home Buyer Guarantee and the Family Home Guarantee. We've introduced the Help to Buy scheme to help 40,000 low- and middle-income households purchase a home of their own. We've strengthened renters' rights across Australia, we've increased rent assistance and we're building more social and affordable rental homes. We have clear, credible, costed and coherent plans to build a better future for the country.

The only policy those opposite seem to have for first home buyers is to say, 'Raid your super,' which will drive up prices. It does nothing for supply; it drives up prices and leaves people worse in the long run. You want people to sacrifice retirement savings; we want people to buy a home and save for the future.