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The Albanese Labor Government has now helped more than 250,000 Australians buy a home through the 5% Deposit Scheme, helping a new generation of Australians get into home ownership.

This has helped Australians save more than $2.3 billion on Lenders Mortgage Insurance costs and taken years off the time it takes to get into a home. 

This milestone builds on the Government’s housing plan announced in the Budget to build more homes, make the tax system fairer and help more Australians realise the dream of home ownership with reforms to negative gearing and the capital gains tax.

For too long, too many Australians have worked hard, done all the right things, and still felt locked out of home ownership.

That’s why the Albanese Labor Government is focused on tackling the housing challenge from every responsible angle: helping Australians buy a home, building more homes more quickly, getting renters a better deal and making the housing system fairer for younger Australians trying to get ahead.

Since coming to office, the Government has helped more than 250,000 Australians into home ownership, including more than 172,000 Australians in metro areas, and more than 81,000 Australians across regional and remote Australia.

Labor’s plan for a housing system that works for Australians

• Helping Australians buy a home: We’re levelling the playing field for first home buyers and making the tax system fairer by helping more Australians buy their own home. Combined with our 5% Deposit Scheme and our Help to Buy shared equity scheme, we’re shifting the scales in favour of aspiring first home buyers.
• Building more homes, more quickly: We’re tackling the housing shortage from every angle – investing a further $2 billion in enabling infrastructure, bringing our total housing infrastructure investment to $6.3 billion. We’re speeding up housing approvals and cutting red tape, and increasing the skilled construction workforce.
• Banning foreign investors from buying existing homes: We’re extending the ban on foreign investors buying existing homes until mid‑2029, helping more Australians into homes.
• Making renting fairer and more affordable: We’re continuing our work with the states and territories to get renters a better deal by strengthening renter protections and expanding long‑term rental supply. We have also boosted Commonwealth Rent Assistance by more than 50 per cent.
• Backing Australians doing it toughest: We’re supporting at risk young people to get into secure housing with a $60 million investment to help young people at risk of homelessness and we’re continuing to deliver more social and affordable homes through the Housing Australia Future Fund.

This milestone shows Labor remains the party of home ownership, and the party of aspiring homeowners.

the Prime Minister:

“We are making it easier and fairer for young Australians to buy their first home.

“Our 5 per cent deposits have now helped 250,000 first home buyers get into the housing market.

“This is helping people into home ownership sooner, while saving them money along the way.

“This year’s Budget is helping 75,000 more Australians into their first home by making the tax rules fairer and by building more homes.

“We’re delivering more tax cuts, giving people a fair crack at buying their first home, and an economy that works for Australians, businesses and future generations.”

Treasurer, Jim Chalmers:

“This Budget delivers more homes and a fairer go for first home buyers.

“Whether it’s five per cent deposits, more help for first homebuyers or by building more homes, we’re coming at this housing challenge from every responsible angle.

“We know it’s too hard for too many Australians to buy their own home and get ahead and that’s why we’re investing in housing supply, making our tax system fairer and putting first home buyers ahead of foreign investors.”

Minister for Housing, Clare O’Neil:

“We know that the housing system feels stacked against first home buyers so we’re levelling the playing field and building more homes.

“I don’t care what your politics is, 250,000 first homebuyers is a staggering number of people to have helped into homeownership, and there are thousands more to come.

“We want more homes and more home owners, and that’s what we’re working to deliver.”

Internationally-known children’s rights advocate Katy Faust will address the Family First National Conference in Sydney via live video link from Seattle on August 22.
 
Ms Faust, whose advocacy for children and opposition to same-sex marriage and parenting has made her a target of left-wing media attacks — including a recent Mother’s Day hit piece in The Seattle Times — is the founder of Them Before Us, a movement which argues that every child has a right to their mother and father wherever possible.
 
Family First National Director Lyle Shelton said Family First was honoured to host Ms Faust, who visited Australia during the 2017 marriage plebiscite campaign to assist the Coalition for Marriage.
 
“Katy Faust has courageously articulated what millions of people instinctively know — that marriage is not primarily about adult desires but about the rights and wellbeing of children,” Mr Shelton said.
 
“Family First shares Katy’s goal of overturning same-sex marriage because of the harm it does to children by intentionally normalising the idea that mums or dads are optional.”
 
Mr Shelton said the “no difference” thesis — the claim that children do just as well with two mums or two dads as they do with their married biological mother and father — had been promoted by activists and compliant media during the 2017 plebiscite campaign while dissenting evidence and arguments were aggressively suppressed.
 
“The reality is that children naturally long for and benefit from both their mother and father. Men and women bring different but complementary gifts to parenting,” he said.
 
“Wherever possible, children should not be deliberately deprived of either parent through law and public policy.
 
“The push for same-sex marriage was never just about allowing adults to formalise relationships. It inevitably led to demands for surrogacy, sperm donation and IVF arrangements which intentionally create motherless or fatherless children.”
 
Mr Shelton said Australians were denied the mature national conversation that should have occurred before the redefinition of marriage.
 
“During the Voice referendum Australians finally saw what happens when both sides of an argument are properly aired and debated,” he said.
 
“If the public in 2017 had been given the same opportunity to hear the other side of the marriage debate — without the censorship, corporate activism and intimidation that occurred — same-sex marriage would never have received majority support.”
 
Mr Shelton said Ms Faust’s appearance at the Family First National Conference would provide Australians with an opportunity to hear arguments and evidence that had too often been excluded from mainstream discussion.

The Albanese Government has signed a Memorandum of Understanding (MoU) with the Norwegian government, to further support the acquisition and domestic manufacturing of missiles in Australia.

The multilateral arrangement will enhance information sharing and collaboration between Australia, Norway and 10 other countries that use the Naval Strike Missile and Joint Strike Missile, which are developed by Norwegian defence company Kongsberg. The arrangement will support Australia to become a regional missile production hub.  

The Strike Missile Family MoU supports Australia’s efforts to acquire, manufacture and maintain the Naval Strike Missile and Joint Strike Missile, in line with the 2026 National Defence Strategy and 2024 Australian Guided Weapons and Explosive Ordnance Plan. 

The Albanese Government is investing up to $850 million to enable Australia to locally manufacture and maintain the Naval Strike Missile, Joint Strike Missile and priority missile components. This includes the construction of a new missile factory in Newcastle, which will be able to produce missiles for the Australian Defence Force and partner nations from 2027. 

These initiatives form part of the Albanese Government’s investment of up to $36 billion over the decade to accelerate the acquisition and manufacture of longer-range munitions in Australia, in line with the 2026 Integrated Investment Program.

Minister for Defence Industry, Pat Conroy:

“The Albanese Government is investing up to $36 billion over the next decade to make missiles in Australia and uplift our weapons stocks, making our nation more self-reliant and resilient.

“This arrangement will support local jobs and a defence future made in Australia by enabling domestic manufacturing through cooperation with international partners.” 

The Albanese Government will continue to invest in strengthening Australia’s relationships, region and resilience in the 2026-27 Budget, ensuring Australia remains secure and influential in an increasingly uncertain world.

The Budget delivers investments to support peace, stability and prosperity in the Indo-Pacific, strengthen Australia’s partnerships and protect Australians at home and overseas.

The global development landscape is undergoing a profound transformation. Developing countries across the Indo-Pacific are confronting a triple shock of major global aid cuts, trade disruption and energy insecurity linked to conflict in the Middle East.

These pressures risk undermining hard-earned development gains and increasing instability across our region.

At a time of instability and uncertainty, the Albanese Government will continue to prioritise the Indo-Pacific, where Australia has most at stake.

In the 2026-27 Budget, Australia’s total Official Development Assistance will be maintained.

Australia’s development program must be strategic, effective and sustainable. This has required reprioritising some multilateral funding to meet immediate needs in the Indo-Pacific.

Funding will be reduced to the United Nations Development Programme, the Global Partnership for Education, UNAIDS and the Pandemic Fund.

This reprioritisation will ensure that over 75 cents in every development dollar is directed to our region.

The Budget also reinforces Australia’s long-term investment in regional security and strategic partnerships.

The Australia-Indonesia Treaty on Common Security (the Jakarta Treaty 2026), signed by leaders in February 2026, represents the most significant step in the bilateral relationship in decades and reflects the deep trust between our nations.

The Albanese Government will commit $33.2 million to strengthen institutional ties between Australia and Indonesia, increase Indonesian language and country expertise in Australia, and create a new leadership dialogue to foster connections and deepen understanding.

The next phase of our Comprehensive Strategic Partnership with India will build on the unprecedented progress that we have made across strategic, economic and people-to-people fields. The 2026-27 Budget commits $25.3 million to drive Australian business engagement with India’s rapidly growing economy, seed new areas of cooperation through Maitri grants, and strengthen maritime security in the Indian Ocean.

Keeping Australians safe is the first priority of the Albanese Government. The Budget invests $60.5 million to sustain Australia’s critical consular services around the world and support Smartraveller travel advice to help keep Australians safe overseas.

Australia will also continue its steadfast support for Ukraine’s sovereignty and economy in the face of Russia’s unjustified invasion, extending Ukraine’s duty-free access to Australia for a further two years until July 2028.

The Budget also includes $87 million to support the DFAT portfolio, alongside other government entities, to implement Australia’s nuclear-powered submarine program. We are committed to setting the highest non-proliferation standards and implementing robust domestic regulation to oversee Australia’s nuclear safeguards and non-proliferation and nuclear security obligations.

Foreign Minister Penny Wong:

“At a time of global uncertainty, Australia will remain a reliable partner our region can count on.

“We are building the region we want – one that is peaceful, stable and prosperous, where sovereignty is respected and countries can determine their own futures.

“Our investments in diplomacy, development and regional partnerships strengthen both Australia’s national security and the resilience of our region.”

Pacific Island Affairs Minister Pat Conroy:

“Pacific countries are facing growing pressures from climate change, economic disruption and global instability, and Australia is stepping up as a trusted partner.

“We are prioritising targeted investments that back Pacific priorities, strengthen local resilience and support long-term development.

“Australia’s engagement in the Pacific is grounded in trusted partnerships, respect and our shared interest in a peaceful, stable, prosperous region.”

International Development Minister Anne Aly:

“Australia’s humanitarian program opens up opportunities and supports communities to be stronger, safer and more resilient.

“At a time of growing global uncertainty, Australia is continuing to invest in the people and relationships that help create a more stable and secure region for everyone.

“Our humanitarian program reaches some of the most vulnerable communities in our region, making real on the ground change when it comes to health, climate and gender equality.”

Coles being found to have deliberately misled customers with fake discounts shows again that Australia needs powers to break up the supermarket duopoly and an economy-wide ban on price-gouging, the Greens say.

The Federal Court today found Coles misled customers with fake discounts, in a case brought by the ACCC.

“Coles and Woolworths treat customers with contempt because they have an iron grip on this country’s grocery sector,” Greens Economic Justice spokesperson Senator Nick McKim said.

“As the Greens-led Senate inquiry found, Australia needs divestiture powers to forcibly break up the supermarket duopoly, as well as other oligopolies.”

“We also need economy-wide price gouging laws, particularly during a cost of living crisis.”

“The major parties are in thrall to the big corporations because of their political donations. The Greens are not. We need divestiture and price gouging laws now.”

“The Greens have legislation already drafted and ready to go – the only thing we need is for a bit of courage from the Labor and Liberal parties.”