Estelle Grech, Planning Policy Manager, Committee for Sydney:

“We know first home buyers in Sydney are facing an uphill battle when it comes to buying their first home.
 
“Sydney’s level of housing unaffordability is chronic and costing the economy more than $10b a year in lost talent, innovation and productivity.
 
“We welcome the government’s move – it would not only help lower the deposit hurdle, but also ensure a greater supply of homes for first home buyers to choose from through a $10 billion investment.”