Opened the debate
McLachlan expressed concern that expanding the Home Guarantee Scheme could overheat the housing market and increase prices, noting the risks of such a large market intervention. McLachlan argued that while the intention to help young people was positive, unintended consequences might include larger loan sizes and higher costs. McLachlan also highlighted the lack of environmental consideration in supply-side housing discussions, questioning how new homes would be built with the lowest possible footprint. McLachlan suggested that nature should have a voice in decision-making forums like the Treasurer's roundtable, especially given upcoming climate reports.