Matthew Canavan (Queensland, Liberal National Party) Share this | Hansard source

Senator Ludlam was very keen to look at the data about rents in the late 1980s in Sydney and compare it to other cities, but he does not want to look at the data of house prices over a longer period, because negative gearing has been around for decades. It is something we have had in our tax system for decades and we have only seen rapidly-increasing house prices in Australia for the last 10 or 15 years. So how can negative gearing be responsible for the increase in house prices when we have not changed anything about negative gearing in the last 10 or 15 years?