Buying a house that becomes ‘out of reach for ordinary people’

Former Labor Minister Graham Richardson says Labor’s new shared equity scheme to help Australians buy homes is not a “bad thing”.

“It’s a big help, but it’s also the biggest thing every family faces – buying a home is becoming something that’s out of reach for ordinary people,” Richardson told Sky News host Chris Smith.

“And I think Albo is trying to put it back at hand, I don’t see that’s a bad thing.”