Treasurer Joe Hockey
Treasurer Joe Hockey ALAN PORRITT

Joe Hockey tells home buyers to get a job that pays well

TREASURER Joe Hockey has a piece of advice for first home buyers: get a "good job that pays good money", if they want to own a house.

Mr Hockey made the comment in Sydney on Tuesday, after the Greens released modelling showing the government could save $3 billion by ditching negative gearing.

Despite reports of a housing bubble in Sydney and increasingly unaffordable housing, Mr Hockey said if housing in the New South Wales capital was unaffordable "no one would be buying it".

"There are a range of incentives put in place by state governments for first home buyers, but the starting point for a first home buyer is to get a good job that pays good money," he said. But Mr Hockey made no comment about the 15% rise in Sydney house prices in the past 12 months, a period when wages rose less than 3%.

Labor leader Bill Shorten seized on the comment, saying it was "proof" Mr Hockey did not understand the pressure facing families.


'No beach left': 7.5m sinkhole swallows tourist hotspot

'No beach left': 7.5m sinkhole swallows tourist hotspot

A sinkhole has formed at Inskip Point this morning

Vicki was united with her sons who were told she was dead

Vicki was united with her sons who were told she was dead

She was beaten, starved and ended up homeless.

Mum’s terrifying find in baby’s room

Mum’s terrifying find in baby’s room

The last thing a parent wants to find in their child's bedroom

Local Partners