Has Labor helped or hindered first home buyers?

Housing Minister Clare O’Neil claimed more young Australians are buying their first home as a result of the May budget:

“We have as a government a pretty unapologetic focus in getting more Australians into home ownership. And the data that’s been released since the budget actually shows us that we are having real success on that”, O’Neil told Seven’s Sunrise.

“What we’ve seen in the data so far is that we’re seeing first home buyers and owner occupiers significantly increase the share of lending going to them. And we are seeing investors step back from existing homes. But good robustness of investors investing in new dwellings”.