In a recent radio interview on 2GB, the federal opposition leader shared insights into an upcoming speech in Sydney, focusing on a proposed tightening of migration policies.
He emphasized the purpose of the home deposit scheme, saying, “This is truly a program aimed at helping young Australians secure their own homes.”
Providing a preview of his speech, he stated, “At 11 o’clock today, I will announce our plan to restrict this initiative exclusively to Australian citizens.”
The 5 per cent home deposit scheme, introduced by the Albanese government last year, aims to aid young, first-time buyers in acquiring their first homes.
This program allows first-time homebuyers across Australia to enter the property market with just a 5 per cent deposit, rather than the standard 20 per cent.
Taylor says the government erred by allowing permanent residents to access it.
Pauline Hanson’s One Nation has been pushing for the 5 per cent home deposit scheme to be restricted to Australian citizens.
Other elements of Coalition’s immigration policy include social media screenings on all migrant applications.
Migrants who breach Australian values would be deported under the plan.
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