House debates

Thursday, 1 August 2019

Questions without Notice

Housing Affordability

2:40 pm

Photo of Michael SukkarMichael Sukkar (Deakin, Liberal Party, Assistant Treasurer) Share this | Hansard source

I thank the member for Lindsay for her question. The member for Lindsay, before coming to this place, had a great history of experience in the housing sector. I say to the member for Lindsay and, indeed the whole House, that the Morrison government's supporting hardworking Australians trying to get into a new home. We've already passed the First Home Super Saver Scheme, which has helped 3,500 first home buyers get into the market—a policy opposed by those opposite. We are working on the First Home Loan Deposit Scheme, which will start on 1 January next year, which will allow first home buyers to purchase a property with a five per cent deposit supported by the government. We've also set up the National Housing and Finance Investment Corporation, which has already assisted with 560 new affordable homes throughout Australia. We've also removed the impediments for older Australians looking to downsize, freeing up more housing for the next generation. That's why we've seen so much confidence flow back into the housing market since the election of the Morrison government.

I'm asked by the member for Lindsay about alternative policies. And, surprise, surprise, there are some alternative policies that are relevant here. Indeed, I note that today a report was released by Deloitte Access Economics, analysing the impacts of Labor's housing taxes—abolishing negative gearing and doubling capital gains tax.

Mr Thistlethwaite interjecting

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