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

The first thing that it does is allow an opportunity for young people to get into homeownership. It rebalances the ledger so that young people have an opportunity. We saw that just on the weekend, where, in Bexley, a young couple with a baby bought their first home on Saturday. All three registered bidders for the auction of the two-bedroom garden villa took part, and all were first home buyers. In Melbourne in Maribyrnong, Lara Harris, the estate agent, said this: 'The buyers were a young couple from Southbank sick of apartment living who had once lived in the area and wanted to come back. The underbidders were also a young first home buyer couple. There are a lot of first home buyers in the market.' In Maroubra, Corinne Olsen, the estate agent, spoke about the young family who thought they'd been priced out of a beachside suburb. They won the keys to a three-bedroom house. Corinne Olsen, the estate agent, said, 'The winning family had been looking for a property around Mascot because they didn't think they could afford something close to the water.' There they are in South Sydney homeland.

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