5% deposit for every first home buyer

28 August 2025

Zaneta Mascarenhas MP

House of Representatives, Parliament House, Canberra
Statements by Members

I am proud to be a part of the Albanese Labor government, which is backing households and backing homes. We are doing that because we believe in a better future for all Australians. We are doing that by having tangible policies that people care about. And, yes, we do have a vision for building 1.2 million homes by 2030. We also have a housing minister, as we have had through both terms, as opposed to the coalition, who did not think that housing was important and did not have a housing minister for half of their nine years in government. We are also fast-tracking skills, and, yes, we do need skilled migrants as well as skilled Australians to build these homes. We are also doing that through fee-free TAFE. These are policies that will make tangible differences.

Not only do we make promises; we deliver them, and sometimes we deliver them ahead of schedule. That's what we did this week by announcing that we would be uncapping the five per cent deposit scheme for recipients of the first home buyers grant. I remember speaking to one of my friends who was a single mum, had a twinkle in her eye and was living in social housing, who said, 'The government is creating a scheme which means that I can afford a home for myself and my daughter.' That's what Labor governments do.

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