Tim Ayres (NSW, Australian Labor Party, Minister for Industry and Innovation) Share this | Hansard source

Just put yourself in the shoes of those young Australians who are facing year after year after year of trying to save for a deposit. This government has delivered for them—consistent with their election commitment—an even better proposition.

Bringing forward five per cent home deposits for many young Australians brings for them, in a practical and real way, some hope of being able to purchase a home and to save a deposit. For some of them that means a decade less of savings paying somebody else's mortgage. What do we have from Senator Bragg? Whingeing and negativity. He's trying to find any reason why young Australians should be denied this opportunity. He said yesterday that the children of billionaires will be getting access to this. I will give you a tip: if you're a billionaire's son or daughter and you're worried about a five or 20 per cent deposit from the old man— (Time expired)