Clare O'Neil (Hotham, Australian Labor Party, Minister for Housing) | Hansard source

With regard to the impact of the tax changes on renters, the parliament is also very well versed in this. We talked about this in budget week. The Treasury has looked at the government's policy, and the advice is that there will be a negligible impact on rents. Why is that the case? You just heard it from the Prime Minister. I remind the parliament again that everyone who was a landlord on budget night continues to get access to negative gearing because of our decision to grandfather the arrangements. In fact, it goes broader than that. If you owned a property as at budget night, then you are able to continue to access these concessions. Our policies will also get more rental households out of the rental market and into homeownership—75,000 renters will get that opportunity—and we're also building more homes for renters.

There's going to be a lot of politics about this debate. I think the fact that the Liberal Party of Australia is expecting us to believe that they care about renters is really telling us about the politics here.

Opposition members interjecting—

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