Leon Rebello (McPherson, Liberal National Party) Share this | Hansard source

Young Australians are doing everything right. They're working, they're saving, they're sacrificing and they're trying to get ahead. But, Prime Minister, do you realise what's happening and what you're doing? Australians do. You're pulling up the ladder on an entire generation, and every member opposite is complicit. You're building a system where first home buyers compete against investors, big funds and a government that keeps making homes more expensive to build. Labor's own budget confirms it will build 35,000 fewer homes over the next decade, and it doesn't stop there.

Labor's industrial relations changes, red tape and protection racket for the CFMEU are not free. They show up in the price of every slab, every frame and every new home. These are taxes on builders trying to build, on families, trying to buy and on a generation trying to believe that hard work still means something. And here's the hypocrisy: the Prime Minister has protected his own right, and the right of 20 out of 22 members of his frontbench, to continue to benefit from the very tax rules that he now wants to deny the next generation.

Labor says it wants more homes, but its policies build fewer. Labor says it backs aspiration, but its taxes punish it. Labor says this is about intergenerational fairness, but its budget shows it's about intergenerational fraud. Prime Minister, you can't continue to claim to help first home buyers while building a system that makes them permanent renters.

See this speech in context