Clare O'Neil (Hotham, Australian Labor Party, Minister for Housing) | Hansard source

I'm talking to the parliament about the essential topic of first home buyers and homeownership rates in this country. I just want to remind the parliament and those in the public gallery who are with us today, we have got homeownership rates in our country falling through the floor. A low-income young couple in our country is half as likely to own their own home than they were in the year that I was born. I would really like to understand how far homeownership rates have to fall in this country for those opposite to see that we have a broken housing system in Australia.

What has happened to housing in the last roughly 40 years in our country has radically changed what it means to be aspirational in Australia today. We've got poll after poll telling us that the majority of Australia's young people believe they will never be able to own their own home in our country. The opposition used to be the party of homeownership. Now they're talking about having to get in experts to tell them what to believe in. I'll just finish by—

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