Alice Jordan-Baird (Gorton, Australian Labor Party) Share this | Hansard source

JORDAN-BAIRD () (): Housing is everything in the western suburbs of Melbourne, and Gorton is one of the youngest and fastest growing electorates in the country. Throughout the election campaign, like my friend the member for Banks, I had thousands of conversations with young people who are living with their parents or renting. They would tell me that they felt owning a home was out of their grasp. We know that those opposite think raiding our superannuation for a house deposit is the way to go, but, on this side of the House, we care about the future of our young people.

From 1 October 2025, first home buyers will only need a five per cent deposit. Young people aren't an afterthought here. This policy is for us. We're delivering this election commitment even earlier than we said we would. This will cut years off the time it takes to save for a deposit. It will help young people into first homes sooner, meaning they'll pay off their own mortgages and not just their landlord's. This is real cost-of-living relief for those out west.

Since we came to government in May this year, more than 1,800 people in Gorton have been able to buy their first home with a five per cent deposit or less thanks to Labor's expanded Home Guarantee Scheme. This five per cent deposit is not in a vacuum. We're tackling the housing crisis from every angle. We're building more homes. We're supporting our skilled construction workforce with more than 400 construction-trade apprentices in Gorton benefitting from incentive payments.

We're building more homes, making it better to rent and easier to buy, because young people shouldn't be locked out of the housing market.

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