Shadow Housing Minister Calls for 6% Drop in Entry-Level House Prices

Shadow Housing Minister Andrew Bragg says he wants to see entry-level house prices fall by at least 6 per cent. The shadow housing minister has attributed the most recent rise in house prices to the government's 5 per cent home deposit scheme. Speaking to 7.30, Bragg says it's a "great shame" that a person on an average wage can't get access to a house. "I'm not worried about people who have great wealth and already have terrific opportunities. I'm worried about the people who can't get access can't get access to the Australian dream," Bragg says. Asked if he thinks Opposition Leader Angus Taylor agrees with that position, Bragg says it's just an example. "Our point is that we want to see affordability improve, which, of course, you do by building more houses and not having crazy ideas like having a 5 per cent deposit scheme which is not means-tested, which is not capped, and then not having migration calibrated with house building," he says. "There are a lot of factors here that you can deploy to stabilise and improve affordability. That's our focus: affordability."