Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

And that is why, in last night's budget, we made sure that we do not want to leave a generation behind. We are not prepared to sit here, and know that, increasingly, young people are being priced out of the market, and to say, 'It's too hard to make this change; we'll just occupy the space.'

But the other thing that we are doing is making sure that people can still negatively gear properties and that they can, as well, apply the 50 per cent capital gains discount, if they wish. The difference is: they will buy a new home rather than an existing one, which means that not only are they helping their aspiration; they're helping the aspiration of the country as well, going forward.

Our idea of helping young people is to do something practical that will help them get ahead. Their idea of the future and young people is having a ballot between Tony Abbott and Alexander Downer over who will be the next leader of the Liberal Party! They are reduced to a farce.

Honourable members interjecting—

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