Senate debates Questions without Notice

Housing


Katy Gallagher

Katy Gallagher ACT, Australian Labor Party, Minister for the Public Service

2:47 pm

Indeed. I should remind the chamber that lending rules and serviceability requirements remain the same under this scheme. Five per cent deposits help first home buyers get a home sooner and save tens of thousands in mortgage insurance. They do not increase how much a person can borrow. So I reject the question that was put.

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