Owning a home—a place to raise a family, put down roots and be part of the community—has always been at the heart of the Australian dream. This is despite Australians enduring a decade of coalition governments that advised all young people to rely on their parents to buy a home. This approach failed a generation of Australians who simply wanted a fair go—a place to call home. Australians deserve better. They now have a Labor government that listens, that understands the real challenges families are facing and that is taking action to help make the dream of homeownership achievable once again.

From 1 October, first home buyers will be able to buy a home with just a five per cent deposit and without having to pay lenders mortgage insurance. This one change alone will save families thousands upon thousands of dollars and give them security, stability and hope for the future. Already, so many people across my region have been able to buy their first home through the Home Guarantee Scheme, and, from October, even more Australians will share in that opportunity. Opportunity is at the heart of our $43 billion Homes for Australia plan, the most significant investment in housing in decades. We are building more social and affordable homes, supporting build to rent and unlocking supply right across the country. Put simply, it's what Australians deserve—security, stability, hope for the future and a place to call home.