5% Deposits for First Home Buyers

Supporting Young People into Home Ownership

VIDEO

The Leader of the Opposition might be interested to know that, thanks to this Prime Minister, 1,880 households in the electorate of Lalor bought a house with a five per cent deposit. That's what this prime minister has delivered to my community.

The Leader of the Opposition scoffs. Does the Leader of the Opposition not care about first home buyers? Is she scoffing at the young people in my electorate who, under this Labor government, are going to have a future where they own their own home? They're going to have a future where they can stop paying rent and start paying for their own home. That's what this prime minister and this Labor government care about. It's what we're already delivering around this country and what we intend to improve upon, by bringing forward the uncapped version of this for delivery from 1 October. That means that young people in my electorate can look forward to owning their own home, to being a part of the community they grew up in and to putting down a deposit of only five per cent with no mortgage insurance. This is a game changer for young people across this country, and I'm incredibly proud to be a part of a government that is delivering for young people around this country so they can stop paying rent and start paying for their own homes.