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

I don't miss it, thank you very much. If I were doing a report on this, the first risk would be: why is a person who is not on the board in this meeting about the expenditure of large sums of public funds? I would be very worried about that.

We have seen from the first round of the HAFF tender that the biggest beneficiaries are the major superannuation investors, Senator Gallagher's best friends. They're the biggest beneficiaries of round 1 of the HAFF. They get 2.8 billion bucks. It's nice money. Easy money. I tell you what, if you're a super fund in Australia, you can take off your hat and put it in the street and it'll fill with money. It's a magic trick! There are rabbits and money in there. It's a good magic trick.

But this is not a laughing matter. The serious point here is that we have seen gross maladministration of the housing fund. We've seen fewer houses being built. Now we see this demand-driven home guarantee scheme which is driving up prices for first home buyers. I think the prices for first home buyers should go down because I think they've been driven up by this government, and it's making it unbearable for younger Australians to access their piece of the Australian dream. It's an absolute disgrace.