The Albanese government in Australia has announced it will advance the implementation of its 5 percent deposit guarantee scheme for first-time home buyers to October 1, 2025. This policy aims to make home ownership more accessible by reducing the deposit requirement, thereby shortening the time needed to save for a home. Prime Minister Anthony Albanese emphasized that economic reforms should embody aspiration, fairness, community, and nation, beyond mere statistics. However, the government faces criticism from the opposition Coalition, with some senators arguing that the policy does not adequately address the core housing affordability issues and labeling the move as insufficient. There are also concerns that easing deposit requirements could lead to further increases in house prices.