Opened the debate
Pocock argued that the government's five per cent deposit scheme had primarily benefited high-income individuals, with 1,500 people quickly converting purchases into investment properties. Pocock contended that the Housing Australia Future Fund was failing to deliver at the necessary scale, noting that even if it met its target of 40,000 homes by 2029, it would assist only six per cent of the 640,000 people requiring assistance. Citing an ANAO report, she stated that the program was behind schedule, having delivered only 1,432 homes, which represented four per cent of the target. Pocock called for significant direct investment in public housing and reforms to rental laws, arguing that the current crisis required a historic response rather than the limited measures currently in place.