PHOTO: Prime Minister Scott Morrison launching his first homebuyer scheme. Picture: William West Source: AFP

First homebuyers spend almost a decade saving up for a house deposit. The Coalition plans to change that in a bid sure to lure young voters.

Housing affordability has been propelled back to the forefront of the political debate in the dying days of the election campaign.

For years the argument has been dominated by Labor’s proposals to reform negative gearing and capital gains tax.

Prime Minister Scott Morrison was seemingly content to sit back and attack those policies, particularly after the recent fall in house prices.

But Mr Morrison surprised Australians with a new policy of his own during his speech at the Coalition’s campaign launch in Melbourne today.