Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I do not accept that for a moment. The 1.2 million target is an ambitious goal, but it's one that we are prepared to back up with policy solutions, with investments, with working with state and territory governments and with working with local governments to deliver the housing stock that this country needs. And do you know what? It stands in stark opposition to any housing policy that you have, which is essentially, as I understand it, to encourage young people to ransack their super in order to inflate housing prices across the country. If you want to quote economists, have a look at what most of them say about that policy: that it's insanity, not only because of the burden on the age pension but because of the fact that you would singlehandedly reduce young people's superannuation savings and inflate house prices at the same time. Only this coalition could dream up a policy solution like that after doing nothing for the almost 10 years that they were in power.