Michael Sukkar MP

LABOR DELIVERS DISAPPOINTMENT ON HOUSING COMMITMENTS

THE HON MICHAEL SUKKAR MP
Shadow Minister for Social Services
Shadow Minister for NDIS
Shadow Minister for Housing
Shadow Minister for Homelessness

MEDIA RELEASE

Friday, 27 January 2023

LABOR DELIVERS DISAPPOINTMENT ON HOUSING COMMITMENTS

After 8 months in government, Labor is failing to deliver its key housing election promise.

In opposition Labor announced a Labor Government would establish a shared home equity scheme, with a paltry 10,000 places available each year.

This election commitment is crumbling before our eyes.

As reported in the Daily Telegraph, Labor’s scheme ‘is running late and about to blow its budget’ and ‘the government cannot even promise that the scheme – due to start on January 1… and promised to help 10,000 property buyers annually – will begin this financial year’.

While the Government’s ‘Help to Buy’ scheme is at best a niche program that very few Australians would even qualify for – let alone participate in – they have a duty to meet a commitment made to Australians before the election.

The Coalition highlighted early on that there were significant issues with the implementation and practicality of the scheme. This includes the liability to taxpayers and the huge risks to participants whose income or circumstances may change after entering the scheme.

Confirming it has no answers to save the troubled scheme, the Government has failed to answer the Coalition’s questions about this program and the financial risk they are willing to negligently expose Australians to.

Once again, we are seeing a Minister that has gone missing and a government with no plan and no idea on housing.