While visiting the McEwen electorate in Melbourne today, the Opposition leader promised an investment of $5 billion to construct 500,000 homes as a measure to address Australia’s housing shortage.

“The dream of home ownership has been lost by young Australians,” Dutton told reporters.

The government would also ban foreign buyers and introduce early superannuation access of up to $50,000 for a house deposit.

Dutton said guaranteeing early access to superannuation would help first home buyers enter the property market.

“That is going to improve their net position as the price of the house increases over the course of their life,” he said.

“When they dispose of the house, we want to put the money back into their superannuation so that that can compound and help them in retirement.”

Dutton said the Coalition would also seek to deregister the CFMEU, claiming that the union had “doubled the cost of construction”.

“We are going to be the government of home ownership,” he said.

“My aim as prime minister is to bring back the aspiration of owning a home, prioritizing how we can support young Australians in making housing more affordable and accessible.”