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

We on this side of the House have confirmed this week that we are the party of homeownership. What we want is for more Australians to have the opportunity to have their own roof—their own first home. That is what we want. But what we've had in here are two questions. The first is about the family home; we want more family homes. They want to lock young people out of homeownership. They have said it themselves, today. 'It's time to be honest,' is what this bloke said. 'The tax system is screwing over young Australians. Instead it favours well-off, established interests against those trying to get ahead—people who can predominantly live off income from their assets can pay very little tax and get discounts on capital gains from increases in asset values.' That's what the shadow Treasurer had to say, which would have been, I assume, with the full knowledge of the Leader of the Opposition when he chose to appoint him as shadow Treasurer.

And yet they come in here having run an election campaign on a platform of higher taxes. When we changed stage 3, they said we should have an election on it. When we introduced tax cuts in our budget last year, they said they would oppose them and repeal them. And now they say they oppose these changes, as well, to assist young people into homeownership, and they pretend that they care about the family home. I'll tell you who will protect the family home for more families, including the families not just of today but of tomorrow: it's the Australian Labor Party, which is why which our caucus is growing and theirs is shrinking.

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