Maria Kovacic (NSW, Liberal Party) Share this | Link to this | Hansard source

The Australian dream has long been built on the foundation of homeownership, yet this dream is increasingly slipping out of reach for so many due to Labor's housing crisis, compounded by their cost-of-living crisis. This became even clearer during roundtables I attended, hosted by the Housing Industry Association. I would like to express my gratitude to our outstanding candidates, Laurence Antcliff for Paterson and Emma King for Shortland, for driving these important conversations. Sadly, these roundtables confirmed the growing severity of the housing crisis under this government. On every key metric, housing has worsened under their watch. The government is on track to fall short of its target to deliver 1.2 million new homes by over 400,000 houses. The data is damning, yet the Prime Minister continues to rely on his unfulfilled promises.

However, the coalition is the party of housing supply and homeownership through our various commitments to improving this crisis. We are committed to helping first-time buyers by allowing them to access up to $50,000 of their own super to purchase a home because we want Australians to be able to own their own home. Additionally, we'll unlock the potential for 500,000 new homes through our $5 billion housing infrastructure program because we want Australians to be able to own their own homes. We will sensibly manage migration levels that our housing supply can accommodate and implement a two-year ban on foreign investors and temporary residents purchasing existing homes. This will free up some 40,000 homes in the first year alone, because we want Australians to be able to own their own home. The coalition is committed to restoring the dream and opportunity of homeownership in our country.