Penny Wong SA, Australian Labor Party, Minister for Foreign Affairs
2:59 pm
Senator, the key to housing affordability is, first and foremost, additional supply. That is the key to housing affordability, and we've seen the price of houses in this country be unsustainably high for so many Australians. That has meant that Australians have been locked out of the housing market and it has meant a 400 per cent increase in the past 25 years. You may think that is a good thing, but we think it is important to bring more supply into the market so that we give more young Australians the opportunity—
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