Senate Select Committee on Intergenerational Housing Inequity (part 1 of 2) — hearing of 18 May 2026: transcript & video · Polyfact

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Senate Select Committee on Intergenerational Housing Inequity (part 1 of 2)

17 May 2026

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Contents updated on 21 Oct 2026

The committee opens its hearing, sets procedural parameters and hears from the National Housing Supply and Affordability Council on its independent advisory role and early evidence on declining youth home ownership, spatial and gendered impacts, and intergenerational wealth divides in housing outcomes.

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Opening and Council mandate — framing intergenerational housing inequity

12:08

Hearing opened — committee procedures and witnesses

12:08

Council mandate — monitoring, advice and independence

15:27

Younger Australians’ home ownership, spatial trade‑offs and renting

17:26

Who the housing system works for — intergenerational wealth

25:39

Structural drivers, Accord targets and planning constraints

29:18

Structural drivers of inequity — interest rates, jobs, and social housing decline

29:18

National Housing Accord target, planning reform and six policy levers

32:41

Approvals vs completions — feasibility and enabling infrastructure

37:09

Accord progress, New South Wales lag and planning complexity

40:25

Tax changes, supply modelling and weak construction productivity

46:06

Missing middle, investor‑grade apartments and tenure chains

51:09

Housing outlook modelling and interjurisdictional differences

55:40

HAFF programs and Housing Australia delivery performance

01:02:29

HAFF and the case for sustained social and affordable housing

01:02:29

Housing Australia CEO — mandate and early HAFF delivery

01:16:16

PBS ‘zero homes’ confusion, Round 3 delay and program focus

01:23:14

Round 3 targeting, geographic equity and additionality concerns

01:31:58

NRAS expiry, 25‑year availability payments and long‑term stock

01:50:00

Scale, timeline and financing model of HAFF delivery

01:53:35

Turnkey deals, ‘new’ stock, Round 3 slippage and 26–27 surge

02:04:41

Showcasing HAFF projects and regional distribution

02:19:06

APRA — macroprudential settings and household risk

02:50:37

APRA’s macroprudential role and investor lending history

02:50:37

Household indebtedness, buffers and mortgage product design

02:59:07

DTI caps, tax changes and APRA’s risk lens

03:06:10

APRA oversight of 5% deposit scheme and arrears

03:16:21

Australia Institute — tax settings, generations and housing policy

03:24:44

Australia Institute — tax distortions and public housing retreat

03:24:44

Distribution of tax benefits, generation, labour market and bank profits

03:32:08

Policy responses — public housing, rent caps and institutional roles

03:42:22

Supply vs demand, investor exemptions and rentvesting equity

03:54:37

Everybody’s Home — social housing retreat and renter protections

04:58:36

Everybody’s Home — wealth lens and fiscal tilt to market

04:58:36

Historic government building, international models and older renters

05:04:43

Renting as a long‑term norm — insecurity and reform options

05:12:44

Generations, work, and Commonwealth retreat from social housing

05:18:47

Budget measures, HAFF shortfall and Finance’s governance role

05:31:30

Budget assessment, HAFF shortfall and Airbnb tax reform

05:31:30

Finance Department — role in HAFF governance and limited tax input

05:48:39

Senate Select Committee on Intergenerational Housing Inequity (part 1 of 2)

17 May 2026

Senate Select Committee on Intergenerational Housing Inequity Mon, 18 May 2026 Australian Parliament

11:57 - 12:14

Speaker 22

Think. Is that appropriate? House Hands up? Yes. Ready to roll.

Thank you, everyone. Morning, senator Bragg. There's no... Can't see senator Bragg's face. So I declare open this hearing of the senate select committee on intergenerational housing inequity.

12:14 - 13:24

Speaker 20

I begin by acknowledging the traditional owners, custodians of the land on which we meet, the Ngunnawal and Ngambri people of Ngunnawal country, and pay my respects to their elders past and present, and I extend that respect to any aboriginal and Torres Strait Islander peoples here today. Committee will be conducting today's hearing in person and remotely. Committee members participating today include myself and joining me remotely, senators Brown, Kavacic, Mulholland, and Bragg. These are public proceedings being video streamed live via the parliament's website, and a hand san transcript is being made. I remind witnesses that in giving evidence to the committee, they are protected by parliamentary privilege.

It's unlawful for anyone to threaten or disadvantage a witness on account of evidence given to the committee, and such action may be treated as a contempt. It's also a contempt to give false or misleading evidence. Witnesses also have a right to request to be heard in camera. If a witness objects to answering a question, they should state the ground upon which the objection is made, and the committee will determine whether it will insist on an answer having regard to the ground which is claimed. If the committee determines to insist on an answer, a witness may request that the answer be given in camera.

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