Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

I thank the member for Gellibrand for the question. Indeed, we are reforming the system so that we better allow Australians, all Australians, to have the aspiration to own a home over their own head. This has been something that has been spoken about for some time. The existing housing system is broken, and that is causing enormous frustration for Australians. It has been broken for some time, and that is why our measures in the budget have received such strong support.

Chris Richardson said:

There's a lot to like in this budget.

…   …   …

…what we haven't had is a budget that tackles some of the 'to-do' list that Treasury and the Productivity Commission have had sitting in their top drawers for many years.

CommBank said the big positive was a much more strong, solid, 'credible path back to surplus'. Ross Gittins said:

Much as it pains me to say anything nice about politicians, this is a good budget.

Saul Eslake said the tax reforms announced in the Federal Budget:

represent material improvements to the tax system which we now have: and for that reason are to be welcomed.

In addition to that, people have backed in the tax changes for housing supply. Susan Lloyd-Hurwitz, the Chair of the National Housing Supply and Affordability Council, said having negative gearing available for new builds is pro supply. Harry Triguboff, the head of Meriton, of course, identified positive proposed changes. The Property Council said:

In the short term, the carve-out of new housing supply investment … is vital to attracting capital to new projects …

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