Andrew Bragg (NSW, Liberal Party, Shadow Minister for Housing and Homelessness) Share this | Hansard source

My question is to the Minister representing the Prime Minister, Senator Wong. We are now one month from when your government opened up the five per cent deposit scheme to every first home buyer, and the effects are clear. New numbers released today by data house Cotality reveal that the pace of growth in Australian home values has accelerated by 1.1 per cent—the fastest gain in years. The price hike was steepest amongst the entry and middle parts of the market, which rose 1.2 and 1.4 per cent respectively. Why does your government think it's a good idea to make entry and middle level houses less affordable for first home buyers?