Danna Vale (Hughes, Liberal Party) Share this | Hansard source

Thank you, Mr Deputy Speaker. I certainly am. I am talking about housing affordability for our most disadvantaged Australians, and it is appropriate that it be addressed in this particular legislation. Mr Deputy Speaker, you will have noticed that this is a supply-side solution. It is about building a family home for a price. Yes, the approved purchaser would have to source their own house financing, perhaps via the new shared equity mortgage products that are currently appearing on the market, or perhaps cashed-up baby boomers would run with the opportunity to equity-share with a grandchild now that the grandchild has access to a home deposit, especially if the government provides that there would be no tax liability for the other party on any future sale of the property.

The federal government is in a position to allocate crown land or surplus Defence land to a developer on commercial terms or perhaps offset the co-contribution, where appropriate, to target areas in particular need of affordable housing. Most importantly, this framework would provide a return on the investment to the public purse, which might be of interest to the member at the table. On a $250,000 house package, the cost to the government is $50,000.

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