Bragg says Labor underwriting ‘extremely wealthy’ with first home buyer scheme
The Coalition isn’t a fan of the government’s 5% deposit scheme, and Andrew Bragg, the opposition housing spokesperson, says it’s going to turn the government into a major property developer.
Speaking to RN Breakfast, Bragg says the scheme shouldn’t be a free-for-all:
This is an uncapped scheme which is available to billionaires or the children of billionaires if they want to use a government program. I think we’re getting to a point where Australia is becoming a ridiculous nation where the taxpayer is underwriting mortgage insurance schemes for extremely wealthy people.
On pausing changes to the construction code, and streamlining environmental approvals for housing, Bragg says both were Coalition policies.
He says the Environment Protection and Biodiversity Conservation Act has been “very anti housing development”
Just because a bird flew over a housing lot in 1971 shouldn’t mean we can’t have houses built today. And that’s frankly what’s happening now.
Key events
Australia’s gun lobby says it’s ‘winning’ as firearm numbers surge
The gun lobby in Australia is mobilising.
The lobby claims it is “winning” the fight against Australia’s longstanding crackdown on firearms, as experts say current laws are “losing control”.
There are now more than 4m guns in the community – almost double the number recorded in the years after the Port Arthur massacre that prompted a national crackdown
You can read more of my brilliant colleague Sarah Martin’s reporting here:
Tom McIlroy
Marles headed to US to discuss Aukus with Pete Hegseth
The defence minister, Richard Marles, is headed to the United States this week, and is set to talk about the Aukus nuclear agreement with his counterpart, Pete Hegseth.
Marles said in a statement he would hold talks with the defence secretary, other senior Trump administration officials and defence industry figures during the visit.
Marles said Washington and Canberra wanted to promote collaboration and work for a peaceful, stable and prosperous Indo Pacific region.
I was pleased to speak with Secretary Hegseth at the Shangri-La Dialogue in May, and welcome the opportunity in Washington to build on our valuable discussions of shared defence and security matters.
Given the shared challenges we face in our region, I look forward to reaffirming our commitment to the Alliance and advancing our strong partnership.
Joyce’s bill to end net zero ‘defying the science’, PM says
There’ll be plenty of drama in the house this morning when Barnaby Joyce’s end net zero bill is debated.
The government voted to debate it at the end of the last sitting fortnight, to wedge the Coalition. When voting on whether to put it on the agenda, only Joyce voted with Labor to debate it, where the rest of the Coalition opposed it.
At his press conference a bit earlier, Anthony Albanese stuck the boot in to the Coalition and Joyce.
If you get rid of net zero, you are saying climate change is not real, and you do not need to do anything about it … It is defying what we see happening around us and defying the science.
But Labor’s not coming out of this debate unscathed, and is still under enormous pressure to announce an ambitious 2035 target. Albanese won’t say yet when that target will be made public.
We’ll announce it when there’s an announcement … What we’ll always do is to support action on climate change.
Lambie says nimbys should ‘get stuffed’
Jacqui Lambie says negative gearing needs to be on the agenda when we talk about housing.
Speaking to Sky News, Lambie says she doesn’t understand why the PM isn’t talking about the generous tax incentive.
Saying those people that are on it ‘you can grandfather what you have’, but any new people coming into this market, ‘[the] maximum you can have is two negative geared properties’. I don’t understand why [Albanese’s] not discussing this, apart from his lack of courage.
Asked whether it should be on Labor’s policy platform for the next election, Lambie says Albanese needs to pull more levers to temper house prices and get more houses built.
She also tells nimbys to “get stuffed”, and says that the government needs to build more public housing.
Bill for federal climate risk assessment to enter parliament today
This morning, independent Zali Steggall introduce her national framework for adaptation bill. It will require the government to undertake independent national climate change risks assessments every five years, develop a national adaptation plan, provide an annual progress report and release a report into the security threats of climate change by the Office of National Intelligence.
Be prepared for a bit of whiplash because that introduction will come soon after debate on Barnaby Joyce’s end net zero bill.
The government has been working on a climate risk assessment – but Steggall wants a more regular one.
Australia’s approach to climate risks is piecemeal and left to the whims of whichever party is in power. While we wait for the government to release its ‘one-off’ National Climate Risk Assessment, this bill ensures future climate risks assessments are independent of government and released in a timely and transparent manner.
The Greens will be pushing for that risk assessment, which is being worked on by assistant minister for climate change and energy, Josh Wilson, to be released through the Senate this morning. Greens senator Barbara Pocock told a doorstop a bit earlier:
We’ve been waiting for nine months for this detail to be released, and we hear it’s bad news. News of more frequent floods, more frequent droughts, and an end to our coral reefs.
PM to seek meeting with Trump as ‘summit season’ approaches
Anthony Albanese and Clare O’Neil have taken a venture out to the Canberra ‘burbs this morning, to spruik the 5% deposit scheme.
But the question on everybody’s lips (and by everybody I mean journalists, the parliament and people interested in international affairs) is when Anthony Albanese is going to meet face-to-face with Donald Trump.
The Coalition has been critical of Albanese for not having secured a meeting – particularly when the Aukus pact and tariffs are on the line.
Albanese tells the press conference that summit season is coming, and there will be opportunities for a sit-down.
[There are] a number of events over the coming months, we’re about to enter summit season, and I look forward to discussions continuing face to face, as they have been constructive when I’ve had discussions with President Trump up to now.
Bragg says Labor underwriting ‘extremely wealthy’ with first home buyer scheme
The Coalition isn’t a fan of the government’s 5% deposit scheme, and Andrew Bragg, the opposition housing spokesperson, says it’s going to turn the government into a major property developer.
Speaking to RN Breakfast, Bragg says the scheme shouldn’t be a free-for-all:
This is an uncapped scheme which is available to billionaires or the children of billionaires if they want to use a government program. I think we’re getting to a point where Australia is becoming a ridiculous nation where the taxpayer is underwriting mortgage insurance schemes for extremely wealthy people.
On pausing changes to the construction code, and streamlining environmental approvals for housing, Bragg says both were Coalition policies.
He says the Environment Protection and Biodiversity Conservation Act has been “very anti housing development”
Just because a bird flew over a housing lot in 1971 shouldn’t mean we can’t have houses built today. And that’s frankly what’s happening now.
Pacific nations will ‘make their own decisions’ on recognising Palestinian statehood, PM says
Albanese says the government will continue pushing for a two-state solution, as Israel pushes ahead with its military campaign in Gaza.
Sara asks whether there’s more the government can do to help stop the conflict. Albanese says Labor has advocated “directly to the Israeli government, but also through our vote in international forums” to get aid into Gaza, advocate for a ceasefire, and get the hostages released.
But what about other nations across the Pacific region?
We know New Zealand and several other Pacific nations have so far not joined Australia and other nations including France and the UK in recognising Palestinian statehood.
Albanese won’t bite when asked whether Australia has raised Palestinian recognition to those other nations.
They’re sovereign states, and I welcome their sovereignty … and they’ll make their own decisions. Australia will make our decisions without concern for anything other than our national interest and for doing the right thing.
Israel’s deputy foreign minister, Sharren Haskel, who has been a vocal critic of Australia, will soon be visiting the Pacific region – which you can read more about here:
Roundtable about ‘future issues’ while government focused on delivering election promises, Albanese says
Moving on to the productivity roundtable from last week, the question goes to how much appetite Labor has for reform that it didn’t take to the last election.
It’s a big question in the political sphere at the moment – whether a party’s mandate is just for what it promises at an election, or goes much further.
Labor has seemed pretty unwilling to introduce tax policy above the changes to superannuation tax concessions. Albanese says:
Well, the economic roundtable wasn’t about just this year or this term, it was about future issues, enabling them to be raised in a way that wasn’t playing the old rule-in, rule-out game. What we are focused on, in the immediate sense, is the reforms that we took to the election.
Sara asks the PM about a warning from the Grattan Institute CEO – who was at the roundtable – saying Australians will have to expect lower service delivery from the government if taxes aren’t raised. Albanese accuses her of “academic” speak.
Academics talk in academic words. What I do is live in the real world, and in the real world my government’s focused on delivering for people.
RN Breakfast’s Sally Sara points out that the Coalition had its own policy to pause the national construction code, which it announced during the election, and which Labor had criticised.
So what’s different now?
Albanese says Labor’s plan is to pause changes to the code until mid-2029, rather than the Coalition’s plan which would have been a pause for up to 10 years.
They had a plan that was for longer, but at the same time, they were slashing support for housing.
Bringing forward expanded first home buyer deposit scheme will make an ‘enormous difference’, Albanese says
Anthony Albanese says bringing the 5% deposit expansion forward by three months will make an “enormous” difference.
To quickly recap – the expansion removes the income caps, and means any first home buyer can access the scheme. It also increases the house price cap across the country (because we know how quickly those house price are rising).
On ABC’s RN Breakfast, Albanese’s running through the numbers, and the talking points. He says those using the scheme should avoid about $1.5bn in potential mortgage insurance costs over the next year.
I think this will make an enormous difference, together with the announcements that we’ve made on the weekend of pausing the National Construction Code for four years, more prefabricated housing, and the fast tracking of some 26,000 homes that have been stuck in the approvals process.
Nimby v Yimby debate over Woollahra station development
In the leafy suburbs of Woollahra in Sydney’s east (one of the most expensive suburbs in the country) – the housing debate is in full force.
The NSW government is looking at reviving the old unfinished Woollahra train station, which would open up higher density housing around it. Everyone’s weighing in this morning.
Clare O’Neil credits the premier, Chris Minns, for “stepping up” and showing some “mettle” against the nimbys (“not in my back yard” advocates).
Politicians in this country have to show some mettle on this one. This [Woollahra] is 8km from the city, it’s fantastically connected through public transport, it’s a place where lots of young people are going to want to live, and this is going to give them that opportunity.
Asked whether the community should just “suck it up”, O’Neil says she wouldn’t be quite so rude as to say it in that way, but essentially … yes they do.
Over on Sunrise, frontbencher Tanya Plibersek and Nationals MP Barnaby Joyce were tussling on the issue. Plibersek also welcomed the move by the Minns government.
You have to make sure that every part of a capital city is contributing to those housing targets. There is no free pass for some suburbs like Woollahra.
Joyce isn’t quite so enthusiastic, and accuses Plibersek of supporting the apartment constituents with all “the new shade they’re about to get”.
Read more on Sydney’s density battle in Daisy Dumas and Anne Davies’ story from the weekend:
Pausing national construction code will not mean increase in building defects, housing minister says
Clare O’Neil, the housing minister, is doing the media rounds this morning – touching down at ABC News Breakfast to promote the 5% deposit scheme.
But affordability is also linked to supply – another issue the government has to deal with.
The government has promised to build 1.2m homes over five years to June 2029, a target they’re currently behind on. They’re hoping announcements over the weekend to pause changes to the national construction code – cutting red tape – and reducing times for environmental approvals for housing will improve the trajectory. O’Neil said:
We committed to roll out 5% deposits to every single first home buyer in the country, we would do that on 1 January, but we can help people faster than that, so we’re bringing it forward to 1 October. This will help tens of thousands of more young people in the market every year.
Asked whether pausing the code will see an increase in building defects, O’Neil says the government would “never allow that to happen”.
What we’ve done on the construction code is say safety defects or issues that will cost consumers will be fixed. We’re freezing the code just for non-essential changes. If we find a safety problem in our building approach, we would not hesitate to fix that.
Labor brings forward 5% deposit scheme for first home buyers to 1 October
The 5% deposit scheme, where first home buyers can access a home with a smaller deposit guaranteed by the government, was a Labor election promise.
Currently, only a limited number of people are able to access the scheme, which is income tested. From 1 October, it’ll be accessible for all first home buyers – but only up to certain house price caps (so you can’t bid for a $2m Sydney house under the scheme).
In Sydney, that price cap is $1.5m, in Melbourne it’s $950,000 while in Brisbane it’s $1m.
The expanded access was due to come into effect on 1 January next year – but it’s been brought forward slightly.
The prime minister, Anthony Albanese will be spruiking it to the media a bit later this morning.
Good morning
Krishani Dhanji
Krishani Dhanji here with you for the busy sitting week ahead.
After a week of the government’s economic roundtable, I’m sure politicians will be at their most productive today … but then again, perhaps not.
First up on the agenda in the House of Representatives today will be debating Barnaby Joyce’s bill to end net zero – which we know won’t get anywhere, but which Labor is using to split the Coalition (you can read a bit more on that here).
But in the wake of that roundtable, Labor has made a few housing announcements over the weekend, including a pause to the national construction code, and a start date for the expanded access to 5% deposits for first home buyers from 1 October (more details on that shortly).
I’ve got a large coffee, I hope you’ve got some caffeine too – let’s get this ball rolling.
