00:00Well, they've said they've pushed as hard as they can on Labor to get more for housing,
00:06to fix the housing crisis, but that Labor won't budge.
00:09So they decided to just let this legislation go through.
00:12That includes the Help to Buy Bill, which will be back in the Senate today and with
00:16the Greens' support will easily be passed now.
00:19Now Help to Buy is a scheme trying to get first home buyers, around 40,000 of them,
00:23into the market.
00:24It's a shared equity scheme where the federal government will contribute up to $40,000 for
00:29the cost of a home.
00:31There's also a second housing bill, which the Greens had been stalling but will now
00:35also support.
00:36That is Build to Rent.
00:38It's a scheme which has tax incentives for developers to build more affordable housing
00:43and it would see properties rented out below market rate.
00:47So the two bills that the Greens had been stalling for months, they will now support.
00:52It's quite an about-face from the Greens, who had been trying to get more out of the
00:56government.
00:57They were looking for changes on negative gearing.
00:59They were looking for more social housing to be built, but they've now had that knocked
01:03back.
01:04Labor has stood firm.
01:05But the Greens say they're not giving up on those policies.
01:08They say they will take them to the next election and they believe if a minority government
01:12has to be formed with Labor, that they may be able to get them in the next term.
01:17Here's what the Greens' leader Adam Ban had to say.
01:20I think there's some in the government who get that this is a big issue.
01:24It's a big generational issue.
01:25There were some changes that say they were costing changes to negative gearing.
01:29I'm hopeful that in the next parliament, if we keep Peter Dutton out, we can push the
01:34government to make some much-needed reforms.
Comments