House debates

Wednesday, 24 February 2016

Questions without Notice

Taxation

2:47 pm

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

The member for Isaacs says, 'You're making it up'! This is funny in a tragically sad way. The Labor Party believe that the most fundamental principle of economics, supply and demand, is something that we have made up. Really—what is this? Are we going into some kind of soviet economics where markets are denied? Paul Keating would be ashamed of you for that! At least, if you are going to make a shock as big as this, the Labor Party should be the one that is producing the evidence. They should be the ones explaining why you can send a third of the buyers away and prices will not be affected. They are playing a reckless game with Australians' homes.

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