I thank the member for McMahon for his question. I refer him to the comments of his own alleged modeller, Professor Holden. When asked about negative gearing 12 months ago, Professor Holden said:

Ending negative gearing could obliterate the housing market, and at a minimum would hurt those invested in rental properties.

That is what the good friend of the member for Fraser said. The member for Fraser blogs on attending weddings with Labor's modellers. In this case we have his comment in relation to negative gearing.

Dr Leigh interjecting—