Senate debates

Wednesday, 30 July 2025

Bills

Housing Investment Probity Bill 2024; Second Reading

9:16 am

Photo of Malcolm RobertsMalcolm Roberts (Queensland, Pauline Hanson's One Nation Party) Share this | Hansard source

Senator Bragg has advanced the Housing Investment Probity Bill 2024, which modifies the charter of the Housing Australia Future Fund to prevent financing of projects that Cbus owns. Cbus is a superannuation fund with legal affiliation to the CFMEU. The CFMEU are currently under a federally appointed administrator, a move that was a long time coming. Queensland premier Crisafulli has called an inquiry into the CFMEU's systemic violence, intimidation, misogyny and bullying. This bill from Senator Bragg is common sense—to prevent cash leaking through Cbus to the CFMEU until the CFMEU clean up their act and get back to representing Australian workers and to working constructively with industry to create secure, well-paid jobs at scale for all Australians.

Australia needs housing, and we need breadwinner jobs. We have a responsibility to ensure that infrastructure is built on time and on budget. One Nation does, though, propose a better alternative to Senator Bragg's bill. We would shut down the housing future fund and the federal department of housing. Housing is a state responsibility, a state power. Government has no role in building houses. Its presence in the market drives up prices and slows down production, displacing private builders and monopolising building products. We will wind the building code back to remove the woke nonsense and the net-zero nonsense which were recently introduced into the code, and suspend the GST on building materials. Together these will cut $50,000 off a new home's construction cost. Independently assessed, around $49,000 of that comes out of the modifications to the building code, which are rubbish. We will take the $11 billion in funds under management at the housing future fund and roll that into a people's bank, accessed through Australia Post, offering mortgages for first home buyers who are Australian citizens. It's been proven here in the past in Australia. It's been proven in North America. It's been proven in Japan and New Zealand.

Mortgages will be on five per cent interest with a five per cent deposit, fixed for up to 30 years. The five per cent deposit can come from the first home owner grant and then be topped up by using the applicant's own superannuation account, protected with a lien. Notice I said 'account', not 'fund'. This will not be a drawdown from super. Super is useful for retirement. Our policy simply replaces super funds investing in housing with the person's own super account investing in their own house. As the house grows in value, so too does the value of the lien held in the person's own superannuation account, protecting their retirement. Someone who has been working in the workforce for five years on average, and who is entitled to a first home owner's grant, may be able to move into their own home straightaway.

We must do more for the young Australians who this government, and other recent governments, have sold out. Young people who did everything society asked—they studied hard, stayed out of trouble, got their degrees, got their high school qualifications—now have a HECS debt, rent and a grocery bill they can't afford. And they are in despair, right across Australia.

The government's housing measures are complete rubbish. They are an insult to Australians. The government's own incoming government report stated clearly that their construction targets would not be met—bloody hopeless. Canberra, as I've said many times, is the source of every major problem in this country, and one of the biggest problems we have in this country right now is a homelessness crisis—an inhuman homelessness catastrophe.

In my state of Queensland, going from the north in Cairns, every major provincial city has a homelessness crisis, a housing crisis. In Cairns, Townsville, Mackay, Rockhampton, Gladstone, Bundaberg, Maryborough, the Sunshine Coast, the Gold Coast, Brisbane—the capital city of what should be the wealthiest state in the world has got homeless people sleeping on the riverbanks, under bridges, in tents and in caravans—Ipswich, Boonah, Toowoomba, in every major provincial city, there are homeless.

If you drive into Gympie, in a concrete car park, there are homeless people in tents. Parents come home at night—working mothers and fathers—wondering if their kids are still in the car and then sleeping in the car. Where do they go to the toilet? Where do they have showers? These are good people. And then the councils just put the bulldozer through the tents, put the bulldozer through the cars and that's it: gone.

Why is that happening in Queensland? It's because we've got so many people leaving Victoria to come up to Queensland. In particular, we have got catastrophic, inhuman immigration levels that this government and the previous government have perpetuated. Catastrophic immigration started with John Howard's government when he doubled immigration. Every prime minister since has been on the trend of increasing immigration.

We've got so many foreigners owning houses. Some of them are locked up as an investment, not being used. We've got 75,000 people here on residence visas illegally. One Nation says, 'Deport them immediately.' We've got students here in contravention of a student visa—up to 100,000 of them. Get rid of them. Free up some houses. We've got accommodation capacity for 100,000 students; we've got about 600,000 overseas students in the country. That can't continue. One Nation says: start with the demand and deport people who are here illegally or in contravention of their visa—deport them. Stop foreign ownership of housing, which will increase the supply. And, regarding the construction costs that I've mentioned, our policy goes beyond what I've mentioned briefly. We've also mentioned the finances. Our One Nation policy fixes demand, supply, construction and finance. Senator Grogan said that housing cannot be fixed overnight. It can be fixed close to overnight, just by doing the things One Nation has said: address demand, supply, construction and finance. We must do better. It takes several months to build a house; it takes several months to build an apartment complex. It doesn't take long, though, to deport people who are here illegally. It doesn't take long at all. That frees up supply and reduces the demand.

Canberra, as I said, is the cause of every major problem in this country, and it comes from both Liberal and Labor governments—every major problem. The government's housing measures—I repeat—are rubbish. Their own incoming government report stated clearly that their construction targets would not be met, yet they perpetuate the nonsense. We must do better. One Nation are in support, and I thank Senator Bragg for this legislation.

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