Opened the debate
Fernando argued that the government is addressing the housing crisis through the $2 billion Local Infrastructure Fund, which supports up to 65,000 new homes by funding essential services like roads and utilities. Fernando stated that this investment is part of the $47 billion Homes for Australia plan, which includes the expanded five per cent deposit scheme and Help to Buy. Fernando contended that changes to capital gains tax and negative gearing would level the playing field for first-home buyers. Fernando criticised the previous government for failing to act on housing and for rejecting key initiatives such as the Housing Australia Future Fund.