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

As for negative gearing, what we support is not the same position as the Greens political party, because, unlike this Leader of the Opposition, who allows the One Nation tail to wag the Liberal and National Party dog, what we do is we stand up for our values. Our values are to make sure make sure that grandfathering is there in negative gearing and in the changes that we've made. We've made sure as well that negative gearing can still occur but what they'll be doing is investing in new homes, not existing ones.

So the examples that I just used, the examples that we're seeing right around the country on Saturdays, are that, for the first time in a long while, young Australians are getting a fair crack, because they're not competing against investors who have taxpayers supporting their bids. It has changed the whole competition there and is enabling first home buying Australians to have a fair crack. What they want is to reinstate the tax breaks for property investors across the board—that is what they've said—and take away the gains which are made.

We have a $47 billion Homes for Australia plan. They didn't even bother to have a housing minister most of the time they were in office.

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