Scott Ludlam (WA, Australian Greens) Share this | Hansard source

Quite correct, Acting Deputy President. When Mr Turnbull, the Prime Minister of the Commonwealth of Australia, brazenly stood up the other day and said, 'It'll crash property prices if you take away these negative gearing and capital gains tax reforms.' I would have thought that, if you strip away the hysterical language, that should have been the end of the debate. When this so-called liberal said that this $22 billion intervention in the property market is there to help push prices up, he basically acknowledged that negative gearing and capital gains tax exemptions increase property prices. What kind of intervention in the market is that supposed to be, where these incentives are being subsidised by low-income taxpayers? That should have been the end of the debate, but at least it has started. (Time expired)