Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

from the market for established dwellings one third of demand. All investors would be gone. When I say all investors, I mean all investors: even if an investor borrowed an amount of money such that the interest was less than the rent, they still would not invest after 1 July 2017, because the Labor Party proposes to eliminate the deduction of any net rental losses. So you might be an investor with a very modest loan, which is normally covered by the rent. But what if the tenant goes away? What if the tenant trashes the building? What if there is some damage?

Ms Butler interjecting—

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