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

I thank the member for her question. You need to look at the whole housing package that we've put together. Our budget helps with the cost of living. It builds resilience, and it backs aspiration. We're going to help more Australians achieve the dream of owning their own home. We do that, as the person next to the member for Lindsay knew when he wrote his book, by giving young people a crack and by fixing the system. We want people to be able to aspire to a better life for themselves and their families. Importantly, negative gearing will still be available for new builds, so people can invest in themselves and invest in the nation. That's the big difference with the change that we brought in on Tuesday. The change that we brought in will allow negative gearing to still exist, but, because people will invest, if they are looking to invest and use negative gearing in new builds rather than old properties, competing with first home buyers, what it will do is also boost supply, and that is the position that we have.

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